Restructuring events
European Restructuring Monitor (ERM)
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.
BASF Antwerpen, Belgium’s largest chemical company, announced a major restructuring plan during a special works council meeting. The company aims to reduce its fixed costs by €150 million annually, necessitating the elimination of 600 jobs approximately 16% of its workforce by 2028.
The management has committed to avoiding forced redundancies, instead relying on natural attrition, internal job transitions, and voluntary departure schemes. This move follows an earlier savings initiative launched in November 2024 targeting €100 million in annual cost reductions. The decision is driven by ongoing economic pressures and the lack of substantial support measures for the chemical sector
Eurofound (2025), BASF, Internal restructuring in Belgium, factsheet number 203524, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203524.