BASF plans to cut 2,000 jobs worldwide by end of 2022 from business services unit

Published: 23 September 2020 - 5 a.m.
By: Martin Menachery

BASF’s Global Business Services unit is being further developed. The division was established as of 1 January 2020 as part of the implementation of BASF’s corporate strategy. As of that date, around 8,400 employees worldwide transferred to Global Business Services and since then have been providing services for BASF’s business units, ranging from financial and logistical processes to services in the areas of communication, human resources, environment, health and safety.

Following the bundling of services and resources and the implementation of a wide-ranging digitalisation strategy, the number of employees in Global Business Services worldwide will decline by up to 2,000 by the end of 2022. From 2023 onward, the unit expects to achieve annual cost savings of over $233.88mn. “Overall, with these planned measures, we will make a considerable contribution to BASF Group’s efficiency,” said Marc Ehrhardt, head of the Global Business Services division.

By fundamentally simplifying processes and utilising digital solutions, we want to meet the needs of the BASF business units flexibly and competitively,” said Ehrhardt, describing the objective. As part of this, more services than before will be bundled in hubs, which will offer as many services as possible for the units in the BASF Group. Details of the planned realignment will be worked out in the coming months. Employee representatives will be involved according to local rules and regulations.

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