BASF break: thousands of jobs in danger-criticism of the austerity course of the chemical giant!

BASF break: thousands of jobs in danger-criticism of the austerity course of the chemical giant!

The new BASF boss Dr. Markus Kamieth has announced a strict austerity course that has considerable uncertainty among the approximately 112,000 employees. According to information from www.ludwigshafen24.de reduces BASF the dividend and is considering the closure at the Ludwigshafen location. Works council chairman Sinisha Horvat expressed criticism that the corporate management does not provide enough specific plans to secure the future and location. The works council also calls for an extension of the exclusion of operational dismissals until at least 2030, while unions and politics share the concerns about the employees and the regional economy.

The current strategy includes cost reductions and a realignment of the company, which is aiming for designer results of around 2.1 billion euros in savings by the end of 2026. Kamieth emphasizes that creating a competitive position in Europe is of crucial importance for BASF. Further details on the measures mentioned and their effects are in the report of www.ludwigshafen24.de