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BASF to Reshape Organization

Announces reduction of 6,000 positions worldwide until the end of 2021.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

BASF is streamlining its administration, sharpening the roles of services and regions and simplifying procedures and processes. As a result, the company expects savings of €300 million, as part of the ongoing excellence program, which is anticipated to contribute €2 billion to earnings annually from the end of 2021 onwards.   In the course of the strategy implementation, BASF expects a reduction of a total of approximately 6,000 positions worldwide until the end of 2021. This decrease results fr...

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