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 - Manufacture of chemicals and chemical products
130 - 190 jobs Number of planned job losses
Announcement Date
5 September 2006
Employment effect (start)
Foreseen end date
30 June 2007
Description
On 5 September 2006, BASF, one of the leading global producers of chemical products, previously announced its plans to cut 200 jobs at its production site in Minden. In the meanwhile, some 130 employees have been laid off and further 60 positions may be at risk due to considerations of the management to source out parts of the service department. There are currently 520 persons employed in Minden who produce caffeine for the manufacturing of beverages and active ingredients used in the pharmaceutical industry. BASF decided to reduce its workforce in Minden due to the keen competition with other Asian manufacturers of chemical products.
Sources
6 September 2006: Frankfurter Allgemeine Zeitung
7 September 2006: Handelsblatt
18 December 2006: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2006), BASF, Internal restructuring in Germany, factsheet number 64073, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64073.
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