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
400 jobs Number of planned job losses
Announcement Date
5 October 2012
Employment effect (start)
Foreseen end date
Description
On 5 October 2012, the chemical company BASF announced its intention to cut around 400 jobs worldwide. 70 jobs will be cut in Germany. The company stated that this was part of plans to restructure its construction chemicals division.
BASF employs around 7,000 people within its construction chemicals division. BASF aims to offer the employees other positions within the BASF Group wherever possible.
Sources
5 October 2012: Les Echos
4 October 2012: L'usine Nouvelle
4 October 2012: Handelsblatt
Citation
Eurofound (2012), BASF, Internal restructuring in European Union, factsheet number 74266, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74266.
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