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.
Rheinland-Pfalz; Rheinhessen-Pfalz; Ludwigshafen am Rhein
Location of affected unit(s)
Ludwigshafen
Sector
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20.1 - Manufacture of basic chemicals, fertilisers and nitrogen compounds, plastics and synthetic rubber in primary forms
170 jobs Number of planned job losses
Announcement Date
17 November 2016
Employment effect (start)
17 November 2016
Foreseen end date
31 December 2018
Description
Chemical producer BASF announced to cut up to 400 jobs worldwide by the end of 2018. A total of 170 of these job cuts will take place at BASF headquarters in Ludwigshafen, Germany, affecting the department of purchase due to reorganisation. About half of these 170 jobs will be transferred to a shared service centre from BASF SE in Berlin. All 170 affected employees at Ludwigshafen will be offered another position within the company, due to a site agreement.
Already in March 2016, the company announced to cut up to 350 jobs worldwide, see (BASF, 2016). BASF currently employs 39,000 in Ludwigshafen and 112,435 employees worldwide.
Sources
17 November 2016: BASF (Press release)
17 November 2016: Handelsblatt
Citation
Eurofound (2016), BASF, Internal restructuring in Germany, factsheet number 89233, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89233.
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