BASF reorganizes performance chemicals division; cut 120 jobs

BASF reorganizes performance chemicals division; to cut 120 jobs

6:41 AM, 16th November 2015
BASF reorganizes performance chemicals division; to cut 120 jobs
Dr Christian Fischer, president of the performance chemicals division, BASF. (File Photo)

LUDWIGSHAFEN, GERMANY: BASF SE said it will reorganize its paper, water, oilfield and mining businesses within the performance chemicals division and expects to reduce 120 positions worldwide until the end of 2016 resulting from the alignment and refocusing of business structures.

The two newly created business units will be headquartered in Ludwigshafen and the changes will be effective as of 1 January, it said.

The company is combining the water solutions and paper chemicals businesses to form a new global business unit “paper & water.” The “oilfield & mining solutions” will operate together as a global business unit.

“The further development of our organization will strengthen customer focus. The stepwise expansion of our polymer production network and investments in bio-acryl amide raw materials as well as the launch of innovative products will accelerate profitable growth,” said prof Dr Christian Fischer, president of the performance chemicals division, BASF.

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