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 20.1 - Manufacture of basic chemicals, fertilisers and nitrogen compounds, plastics and synthetic rubber in primary forms
350 - 400 jobs Number of planned job losses
Announcement Date
18 December 2016
Employment effect (start)
18 November 2016
Foreseen end date
31 December 2018
Description
As part of restructuring efforts, BASF, the Germany multi-national chemicals manufacturing corporation, announced to cut up to 400 jobs worldwide by the end of 2018.
Beside these cuts, another 180 research and development jobs cut will affect BASF centres in Basel, Switzerland. Basel-Rosental and Schweizerhalle are the two affected centres. The aim declared by the company is operations streamlining and boosting innovation. BASF hopes to redeploy the staff within the company.
Eurofound (2016), BASF, Internal restructuring in World, factsheet number 89413, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89413.
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