BASF: Short-time Working and Site Closures Unavoidable
BASF’s global business declined significantly in December 2008 and has not recovered in the first half of January. As one measure to deal with this situation short-time working will be introduced in February for approximately 1,500 employees at BASF Coating’s site in Münster, Germany, and for 180 employees in Schwarzheide, Germany. Working hours have already been reduced for about 150 employees at two smaller coatings sites in Italy. BASF cannot rule out the introduction of short-time working at further sites. In Ludwigshafen and Antwerp, it can be avoided for the time being thanks to the use of flexible manpower planning.
Another measure is the closure of plants in North America and Asia. Examples include a BASF coatings site in New Jersey and a production plant for precursors for plastics in Korea. These closures will result in a reduction of almost 200 jobs. Further job reductions may be necessary, depending on how economic conditions develop.
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