BASF reorganisation will result in 120 job cuts by end of 2016
Published: Wednesday, 11 November 2015
The global chemicals manufacturer will create two new business units, paper and water, and oilfield mining solutions, to streamline its portfolio starting on 1 January 2016, which is likely to result in job cuts before the end of the year.
Chemicals manufacturer BASF will extend the streamlining of
its portfolio to include water treatment, in addition to oil
drilling chemicals, paper, and mining solutions.
BASF said in a statement that the reorganisation will result
in around 120 job cuts as the company creates two new business
units, paper and water,...