NewsFlashBASF issues profits warning, introduces short-time working

19 January 2009 12:20  [Source: ICIS news]

LONDON (ICIS news)--BASF issued a profits warning on Monday, saying the decline in business was greater than expected in November and would negatively impact earnings.

The world's largest chemicals group said it would introduce short-time working for employees at German facilities manufacturing products for the automotive industry.

By: Mark Watts
+44 20 8652 3214

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