-
Hundreds arrested in French school protests as Macron summons ministers
-
Apple's Cook praises EU over efforts to protect children online
-
WADA seeks tough anti-doping stance from Kenya
-
Nobel winner Halzen says years of October 'misery' finally over
-
German ex-spy chief arrested for suspected espionage, treason
-
Quebec separatist win rattles Carney's unity push
-
Furyk vows US will 'do more' to end Ryder Cup losing streak
-
'Itching' for change: Shiffrin cuts back slaloms this season
-
Iyer hits ton as India hammer West Indies in T20 opener
-
'Gen Z has risen up': Tens of thousands mass for tense France school protests
-
Mandhana named India women's team captain after Kaur quits
-
Caribbean tourism hotspot loses men to Russian war machine
-
'The sound keeps coming back': children maimed in Ethiopia's Tigray clashes
-
Danish reservists practice war games to respond to 'aggression'
-
Paris Women's Fashion Week: the key trends
-
Bhuvneshwar returns to India's T20 squad for New Zealand tour
-
i-payout Introduces a New Approach to Payments, Closing the Beneficiary Information Gap
-
Asos says probing 'unauthorised activity' after phone alerts
-
New Generation of Crypto Miners Released by ASICID
-
Stocks climb as oil prices retreat under $100 per barrel
-
New investor forecasts LIV Golf teams could be worth $100 mn each
-
Neutrinos: space particles that change our view of universe
-
Shakira, Pique return to court over children visit arrangements
-
'Destined' Djokovic wins China Open, extending unbeaten record
-
Nobel physics prize hails 'ghostly messengers' from space
-
Iceland is 'critical outpost' for security, says Rubio during visit
-
France's Mistral unveils latest model in sovereign AI push
-
Israeli settlers beat AFP photographer covering West Bank
-
Stocks climb as oil prices retreat
-
'Gen Z has risen up': Tens of thousands demand better education in France
-
Vstock Transfer Names Securities Industry Veteran Erica Goodstein General Counsel and Chief Compliance Officer
-
$10 Million and Counting: Hola Prime Hits Major Trader Payout Milestone
-
Four Indonesian seamen return home after Somali pirate ordeal
-
UEFA investigate Ireland-Israel tunnel bustup after spitting claim
-
Crisis-striken Haiti postpones elections
-
Djokovic wins China Open and keeps unbeaten record after de Minaur retires
-
Germany arrests ex-spy chief on suspicion of giving secrets to foreign powers
-
Amsterdam's Rijksmuseum hosts 'homecoming' show for Willem de Kooning
-
Djokovic wins China Open after de Minaur retires
-
World Bank forecasts modest growth for Latin America, highlights climate risks
-
IMF warns cost-of-living shocks cause 'lasting deterioration' in affordability
-
'Afraid for my future': Tens of thousands demand better education in France
-
Alcaraz wins Japan Open for first title since injury return
-
Pakistan PM urges Imran Khan supporters to end protest march
-
'We're working to keep football clean', Turkish minister says
-
Alex Bodi își continuă expansiunea: planuri pentru deschiderea unui showroom ALIX LASERS la București
-
FIFA chief Infantino hit by Norwegian double complaint
-
STARTRADER Adds 20 Stock and ETF CFDs to Its 24/7 Trading Range
-
Exiled Catalan separatist leader Puigdemont cleared to return to Spain
-
Bulgaria searches for missing crew after drones hit more Black Sea ships
Chemical giant BASF to shift jobs from Germany to Asia
BASF signalled on Friday it would shift jobs from its home market of Germany to Asia, as the struggling chemical giant seeks to aggressively cut costs.
The vast German chemical sector has been mired in crisis in recent years due to overcapacity, weak demand and high energy costs.
BASF, the world's biggest chemical group and a key supplier to industries ranging from automotive to agriculture, has launched a major savings drive, in particular directed at its operations in Germany.
In its latest move, the group said it intended to cut administrative jobs, including at a major hub in Berlin, without giving a precise figure.
It outlined plans to build up hubs for a range of back-office roles in Asia -- a new one to be opened in India, and an existing centre in Malaysia.
"We will adapt our existing location structures and achieve significant cost savings as a result," BASF chief financial officer Dirk Elvermann told reporters, as the group reported falling operating profits and sales for 2025.
"We want to achieve efficiency gains through competitive service levels and targeted digitalisation, and we will also significantly reduce our overall workforce in the digital sector."
The business services division has about 8,500 employees in total.
He insisted that "we do not plan to close Berlin" but added that the "hub will be smaller in terms of staffing than it is today".
There was no "concrete figure" for future staffing levels in the German capital, he said.
On Friday a union representing BASF workers was organising a protest at the group's business services hub in Berlin, which has some 3,000 staff, against what it said were plans to "relocate large parts" of the business to India.
BASF reported Friday that its adjusted operating profit, a key metric for investors and analysts, slipped to 6.6 billion euros ($7.8 billion) in 2025 from 7.2 billion the year before.
Sales fell to 59.7 billion euros, from 61.4 billion in 2024.
BASF said it had cut around 4,800 jobs in recent times, and had achieved cost savings of 1.7 billion euros in 2025, ahead of its goals.
Its savings drive is targeted in particular at its historic site in Ludwigshafen, western Germany, the largest chemical complex in the world.
G.AbuGhazaleh--SF-PST