Dyestuff industry experts

CAITME
Home » Information » Company News » BASF announced layoffs of more than 2,000 people

BASF announced layoffs of more than 2,000 people

Views: 5     Author: Site Editor     Publish Time: 2021-02-02      Origin: Site

Inquire

facebook sharing button
twitter sharing button
line sharing button
wechat sharing button
linkedin sharing button
pinterest sharing button
whatsapp sharing button
sharethis sharing button

A few days ago, BASF announced that it is entering the implementation phase of the restructuring of the global business services department announced in September 2020. BASF stated that most of the services provided by this department to the company will be transferred to service centers in March 2021.


As part of BASF's corporate strategy, Global Business Services was established on January 1, 2020. Up to now, there are approximately 8,400 employees working in this department worldwide.

 

It is reported that the establishment of the Global Business Services Department is one of the results of BASF's organizational restructuring. This department provides services to BASF's business units, covering a series of services in the fields of finance, logistics, communications, human resources, environment, health and safety.

 

BASF said that through service, resource integration, and extensive implementation of digital strategies, by the end of 2022, the number of employees in the global business service department will be reduced by up to 2,000 people compared with the current one. BASF predicts that after the completion of the layoff plan, the operating costs of the division will be reduced by 200 million euros per year from 2023.

 

While adjusting its organizational structure, BASF also announced last year that it would lay off 6,000 employees in the next two and a half years, accounting for about 5% of BASF's total employees. BASF revealed that it will lay off 3,000 employees in Germany, accounting for half of the total number of layoffs.

 

So far in 2020, the global economy has been afflicted by the new crown pneumonia epidemic, especially the second wave of epidemics in some regions and countries, and the future prospects are worrying. Since the beginning of this year, many chemical companies have announced plans for layoffs. The recovery momentum of the petrochemical market will be suppressed. 


Related Articles

content is empty!

Didn't find what you want?

We look for the best partner to share our product range and our philosophy! Welcome to be our next partner!
You can contact us now and tell us what you need, and we will reply to you immediately.
Contact us

QUICK LINKS

APPLICATIONS

copyright 2020 ©  Hangzhou Tiankun Chem Co.,Ltd 杭州天昆化工有限公司