Trade disputes and the pressure of competition: The world’s strongest revenue-generating chemical group is new, and builds up to 2021 around 6000 jobs. The annual savings of 300 million euros.
Most of the Jobs fall away in the management and Service. Add to this the changes in the formerly Central structures through new business fields. These include more sustainable products, such as, for example, from palm oil. At the same time, BASF is out of the Oil and gas industry pulls back. This brings money into the coffers, however, the company loses profitable business activities. BASF expects “single-digit billion amount”, recently said a BASF Manager of the “Börsen-Zeitung”.
Cost-BASF-in-chief Martin brudermüller want to save, but also in production, logistics, research and development. In addition, BASF sold a small part.
Removal and new appointment
BASF applied for at the same time demand for staff in the areas of production and digitization. This, however, is dependent on future growth rates of the individual segments, according to an announcement from the company. “We will concentrate in the construction of the new organization is to lift consistently synergies, to reduce interfaces and to allow more flexibility and creativity,” said brother Mueller.
BASF was reached at the beginning of the year in turbulent waters. The adjusted operating profit (Ebit) slumped in the first quarter by a quarter to 1.7 billion euros. Already in November, the decline was recorded, so that the Board announced an austerity program. The escalating trade conflict between the United States and China, also leaves behind with BASF tracks. “Overall, we’re in a more difficult water than we expected in February,” was chief financial officer Hans-Ulrich Engel explained recently.
3000 Jobs in Germany affected
First Changes will be to 1. January enter into force in 2020. In Germany, 3000 Jobs will be deleted. Primarily at its main site in Ludwigshafen, Germany. Currently around 122,000 employees working in the chemistry group. With the so-called savings and efficiency program, the income is to be increased from 2022 to a year to two billion euros.
2018, BASF had worldwide sales of around 63 billion euros. The net profit amounted to 4.7 billion Euro.
cgn/rb (afp, dpa, rtr, basf.com, finanzen.net)