XTRA:BASChemicals
BASF Reshapes Global Footprint As China Growth Offsets Germany Job Cuts
BASF is cutting jobs in Germany and shifting back office functions to India and Malaysia as part of a broad cost reduction effort.
The group is expanding its presence in China, with major new operations at the Zhanjiang Verbund site brought online.
Management has signaled that further restructuring is possible, while labor protests in Berlin highlight tensions around the changes.
BASF, traded as XTRA:BAS, is making these moves with its share price around €48.7. The stock is up 6.0% over...