{"id":67558,"date":"2026-08-06T02:23:37","date_gmt":"2026-08-06T02:23:37","guid":{"rendered":"https:\/\/www.europesays.com\/germany\/67558\/"},"modified":"2026-08-06T02:23:37","modified_gmt":"2026-08-06T02:23:37","slug":"german-chemicals-giant-basf-says-7000-jobs-cut-since-january-2024","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/germany\/67558\/","title":{"rendered":"German chemicals giant BASF says 7,000 jobs cut since January 2024"},"content":{"rendered":"<p>    <a href=\"https:\/\/s.yimg.com\/lo\/mysterio\/api\/B4E26356E8D9878D0F87AA3CDBA46C6DA1C17309C51A65018DFA7128DEF54186\/subgraphmysterio\/resizefit_w960;quality_80;format_webp\/https:%2F%2Fmedia.zenfs.com%2Fen%2Fdpa_international_526%2F94fea09a584bfc74d028850674a2efc1\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"FILE PHOTO - The BASF logo stands on a building at the new Verbund site in Zhanjiang. (is associated with: \u00abGerman chemicals giant BASF says 7,000 jobs cut since January 2024\u00bb) Johannes Neudecker\/dpa\" height=\"639\" width=\"960\" class=\"yf-j98iil loader\"\/><\/a> FILE PHOTO &#8211; The BASF logo stands on a building at the new Verbund site in Zhanjiang. (is associated with: \u00abGerman chemicals giant BASF says 7,000 jobs cut since January 2024\u00bb) Johannes Neudecker\/dpa           <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The world&#8217;s largest chemical producer, Germany&#8217;s BASF, said on Wednesday it is making progress with its cost-cutting programme and corporate restructuring.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The number of full-time positions at BASF&#8217;s headquarters in Ludwigshafen fell below 30,000 in May for the first time since 1954.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The development comes as chief executive Markus Kamieth presented the final figures for the second quarter, confirming preliminary results published two weeks ago.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">&#8220;We have reduced our costs, cut capital expenditure and increased the utilization of our plants,&#8221; Kamieth said. He said BASF had cut more jobs in the first half of 2026 than in the previous two years combined.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">From January 2024 to the end of June 2026, the company eliminated around 7,000 positions worldwide, he said. The figure does not include headcount reductions resulting from divestments or the expansion of staff at the integrated production site in Zhanjiang, China.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">In the second quarter, net income surged to \u20ac4.14 billion ($4.72 billion) from \u20ac79 million last year. Earnings per share were \u20ac4.78, up from \u20ac0.09 a year ago.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The latest results included a gain after taxes of \u20ac3.5 billion from the sale of BASF&#8217;s coatings business to Carlyle.  <\/p>\n","protected":false},"excerpt":{"rendered":"FILE PHOTO &#8211; The BASF logo stands on a building at the new Verbund site in Zhanjiang. (is&hellip;\n","protected":false},"author":2,"featured_media":67559,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21106],"tags":[20305,38663,22953],"class_list":["post-67558","post","type-post","status-publish","format-standard","has-post-thumbnail","category-basf","tag-basf","tag-corporate-restructuring","tag-zhanjiang"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/67558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=67558"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/67558\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/67559"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=67558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=67558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=67558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}