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.
Yorkshire and the Humber; West Yorkshire; Bradford
Location of affected unit(s)
Bradford
Sector
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20 - Manufacture of chemicals and chemical products
150 jobs Number of planned job losses
Announcement Date
7 July 2009
Employment effect (start)
Foreseen end date
31 December 2013
Description
The German chemical giant BASF has announced 150 job cuts at its factory in Bradford as part of its global restructuring plan, following its takeover of the Swiss group Ciba. It announced that most jobs would be cut by the end of 2010 with the remainder lost by the end of 2013.
BASF employed around 97,000 workers globally at the end of 2008, and warned in April that there were difficult choices to come. The company hopes to save 300 million euros by the end of next year as a result of the restructuring plan. Talks are ongoing with workers' representatives and the company has pledged to make the job cuts in a fair and transparent way.
Sources
7 July 2009: BBC Website
Citation
Eurofound (2009), BASF, Internal restructuring in United Kingdom, factsheet number 69270, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69270.
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