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.
Producer of care products and cleaning agents BASF Personal Care & Nutrition, an affiliate of chemical producer BASF, announced to restructure its site in Düsseldorf. The restructuring includes a layoff of 116 jobs as well as the creation of 27 new positions.
The company seeks to improve its competitiveness through a new organisational structure and improved processes. The research department will be moved to BASF headquarter in Ludwigshafen. BASF is planning to offer the newly created jobs to affected employees. Furthermore, the company will offer other employees early retirement, so that the affected staff members will be able to take over those jobs. Therefore there will only be a total of 89 job cuts. The restructuring also involves moving fundamental research activities from Düsseldorf to Ludwigshafen.
The management is currently negotiating with the works' council and the Mining, Chemicals and Energy Industrial Union (IG BCE) about a social plan. The social plan is to be negotiated until May 2017 and the restructuring will go on for the next two years.
BASF already cut 350 research jobs worldwide in 2016, see (BASF, 2016). BASF Personal Care & Nutrition employs 1,500 in Düsseldorf and the its nearby site in Monheim.
Eurofound (2016), BASF Personal Care & Nutrition, Internal restructuring in Germany, factsheet number 89036, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89036.