BASF reorganisation will result in 120 job cuts by end of 2016

By Kasia Patel
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,...

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