Plastics & Rubber World - July/August 2019 - 11

NEWS

BUSINESS

Operational streamlining
at BASF could see 6,000
job losses by 2021
Ludwigshafen,
Germany
- Chemical giant BASF has announced that it is planning to
carry out an 'organisational realignment' through 2021.
This will include streamlining
of the administration function,
together with a 'sharpening' of
service roles. There will further
be a simplifying of procedures
and processes.
The company expects annual savings of €300m upon completion of the project, which will
result in a €2bn increase of anticipated earnings from the end
of 2021.
As a result of the change in
strategy direction, it is expected
that BASF will lose about 6,000
jobs. These will largely come
from the administrative division.

"We will set up the new organisation with a clear focus on
leveraging synergies, reducing
interfaces and enabling ﬂexibility and creativity," said Dr.
Martin Brudermüller, chairman
of the board of executive directors at BASF.
"We want our customers
to experience a new BASF. To
achieve this, we have to live a
new BASF. We will therefore
continue to develop our organisation to work more eﬀectively
and eﬃciently," he added.
As part of the changes, about
29,000 employees around the
world will be tasked with working in cross-functional service
units, billed as Global Engineering Services, Global Digital Services and Global Procurement.

COMING UP IN

The BASF SE HQ in Ludwigshafen is the largest integrated
chemical plant in the world
Global Business Services will
include ﬁnance, HR, communications and supply chain. Marc
Ehrhardt, current head of Finance, will lead the group.
In addition to the noted

changes, BASF will look to implement a more streamlined
Corporate Center. This will have
less than 1,000 employees supporting the executive board
and steering the company.

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