BASF to shut 25% of Luwigshafen plants for three weeks from mid Dec
12 November 2001 16:28 [Source: ICIS news]
LONDON (CNI)--German chemicals giant BASF said Monday it is to shut temporarily a quarter of its 250 plants at Ludwigshafen, near Mannheim in Germany due to persistently weak demand.
The closure of some 60 plants for around three weeks between mid December and early January will affect about 10 000 of BASF's 40 000 Ludwigshafen employees.
BASF said it had yet to identify which plants will be shut but a spokeswoman told CNI that all main product groups, with the exception of agrochemicals, will be affected.
In a brief statement, BASF said it was developing detailed plans for the proposed closures and expected to announce them by the end of November.
The spokesman said the shutdowns would affect both production workers and administrative staff. BASF expects the reduction in staffing levels at its huge Ludwigshafen complex to be achieved through employees using vacations and time off in lieu of overtime working. Employees at Ludwigshafen were told of the plans today.
It is understood that the last time BASF closed such a large number of plants at one time was in the early 1990s.
By: Neil Sinclair
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