26 February 2009 06:52 [Source: ICIS news]
SINGAPORE (ICIS news)--German chemical giant, BASF, will cut at least 1,500 jobs during the year to speed up its efficiency and restructuring programs, the company said on Thursday.
“In order to maintain the company’s long-term competitiveness, BASF is accelerating its ongoing efficiency and restructuring programs, and will close less profitable plants and also sites throughout the BASF Group,” the company said in a statement.
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