BASF to cut 40 jobs in revamp of Swiss plastics additive operations

06 March 2012 19:46  [Source: ICIS news]

LONDON (ICIS)--BASF plans to cut 40 jobs as it repositions its technical services and research for plastics additives in Basel, Switzerland, the Germany-based chemicals major said on Tuesday.

BASF said it was reacting to changed market conditions.

The company expects to complete the measure in the second half of 2013, it said.

BASF added that it would try to manage the job cuts through early retirements and transfers within the BASF group.

Overall, BASF employs a staff of about 900 in Basel.

Swiss union Angestellte Schweiz said BASF’s reasons for the cuts were not specific enough and needed to be questioned. The union vowed to fight for each and every job, it added.

A number of chemicals and pharmaceuticals firms have implemented or are planning job cuts in Switzerland, partly because of the strong Swiss franc, which has gained in value in the wake of the eurozone debt crisis.

By: Stefan Baumgarten
+1 713 525 2653

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