18 March 2013 13:14 [Source: ICIS news]
LONDON (ICIS)--Jobs will be lost in Germany but added in China, India and Turkey in a “re-shaping” of BASF's leather and textiles chemicals business, the company said on Monday.
The Germany-headquartered chemicals major said it would increase focus in the business on Asia-Pacific markets and "high value-adding applications" such as those for "the leather automotive industry and premium textile articles".
It will establish research and development (R&D) activities for both businesses in Shanghai, China.
“We are re-shaping our business set-up to strengthen our long-term ability to compete in a rapidly changing market environment,” senior vice president of the business unit, Francois Desne, said.
The plans will lead to 65 job losses globally, including 20 positions at BASF’s main production and research site in Ludwigshafen, Germany.
“In order to support the expected growth, for example in China, India and Turkey, the organization will build up about 23 positions,” BASF said.
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