BASF to Cut Up to 2,000 Business-Services Jobs by 2022
By Pietro Lombardi
BASF SE will cut up to 2,000 jobs in its global
business-services unit as it targets more than 200 million euros
($235.4 million) in annual cost savings.
The German chemical company said Tuesday that the cull will be
completed by the end of 2022, and the annual cost savings should be
achieved from the following year.
The unit --which provides services such as human resources,
communication, as well as financial and logistical processes to the
group's business divisions--currently has about 8,400 employees
across the world.
The company will provide addition details on the plan in coming
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(END) Dow Jones Newswires
September 22, 2020 09:36 ET (13:36 GMT)
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