The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20.1 - Manufacture of basic chemicals, fertilisers and nitrogen compounds, plastics and synthetic rubber in primary forms
200 jobs Number of planned job losses
Announcement Date
13 June 2019
Employment effect (start)
13 June 2019
Foreseen end date
1 January 2021
Description
The chemical producer BASF announced on 13 June 2019 the loss of 200 jobs in its Coating’s division in Münster until 2021 due to internal restructuring. The reduction is part of a larger savings programme announced in November 2018, with the intention to increase the operative profit by €2 billion in 2021. Cuts will be done via natural fluctuation and a voluntary severance programme.
Eurofound (2019), BASF, Internal restructuring in Germany, factsheet number 98158, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98158.
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