Location: Ludwigshafen, Germany.
Department affected: Production.
Based on news reporting.
BASF has announced layoffs affecting approximately 300 employees at its Ludwigshafen production facility. The decision comes as part of a restructuring plan aimed at improving operational efficiency amidst declining market conditions. The layoffs are expected to have significant impacts on the local community, as many of the affected employees are long-term workers. BASF has stated that these cuts are necessary to adapt to changing demands and ensure the company's competitiveness in the market. The layoffs are set to take effect on October 1, 2023, as the company seeks to streamline its operations.
BASF cut 300 jobs affecting its Production team as of October 1, 2023.
That is roughly 0.3% of the 111,000 people BASF employs.
LayoffTalk has tracked 8 layoff events at BASF since October 2023, affecting a combined 3,032 employees.
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