BASF revamps another business, cuts 215 jobs; French unit to be sold

27 March 2013 18:57  [Source: ICIS news]

LONDON (ICIS)--BASF is reorganising its water, oilfield and mining solutions activities into a new global business unit, cutting about 215 jobs worldwide, and it plans to divest a France-based industrial water business, the Germany-based chemicals major said on Wednesday.

The bulk of the job cuts will occur at BASF sites in Bradford and Grimsby in the UK, the company said.

At the same time, BASF plans to divest its industrial water management services business in Lyon, France, to a strategic partner. That business employs 61 people.

Earlier this month, BASF already announced a restructuring and job cuts in its leather and textiles chemicals business.

BASF said that the latest move, to be effective from 1 April, would increase efficiency and support its growth strategies in water, oilfield and mining.

With the new global unit, to be located at its base in Ludwigshafen, Germany, BASF will be better able to increase efficiencies in its polyacrylamide (PAM) value chain, it added.

“Significant investments are planned to upgrade the performance of existing production plants, create additional capacity, strengthen research and development (R&D) efforts and establish a new bio-acrylamide process for further cost optimisation,” the company said.

Nigel Davis contributed to this article


By: Stefan Baumgarten
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