BASF cuts 3,000 jobs in Ludwigshafen

Dhe chemical company BASF plans to cut 6,000 jobs worldwide by the end of 2021, 3,000 of them in Germany alone. The majority are located in Ludwigshafen, a BASF spokesman said on Thursday. The jobs are to be eliminated in the course of a corporate restructuring by the end of 2021, the chemical company said. […]

Startup Dr Smile gives away protective masks to dentists

DGiving away masks has become the supreme discipline of public relations in the Corona crisis. BASF boss Martin Brudermüller has just handed the grateful looking Rhineland-Palatinate Prime Minister Malu Dreyer the first tranche of 100 million protective masks that the group is donating to the republic. Now the Berlin startup Dr Smile is pulling in, […]

Brudermüller’s strategy is put to the test

BASF boss Martin Brudermüller Frankfurt Measured against the panicky mood on the capital markets due to the corona virus, the numbers and forecasts of chemical giant BASF have a calming effect. After an almost 30 percent drop in operating profit last year, the Ludwigshafen-based group is forecasting an approximately stable operating profit and moderate sales […]

Chemical company surprises with strong fourth quarter

BASF in Ludwigshafen The group suffered above all from the weak auto industry and the trade conflict between the United States and China. (Photo: AFP) Frankfurt BASF surprisingly increased earnings significantly in the fourth quarter. Adjusted operating profit (EBIT) increased by a good 23 percent to 765 million euros, as the chemical company announced on […]