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BASF will make organizational changes to create the conditions for closer proximity to customers, competitiveness and profitable growth. BASF is streamlining corporate administration, sharpening service and regional responsibilities, and streamlining procedures and processes. As part of BASF's existing "Excellence Project", these measures are expected to save the company 300 million euros, while the overall "Excellence Project" is expected to contribute 2 billion euros in annual revenues of
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in the process of implementing its corporate strategy, BASF expects to create 6,000 jobs worldwide by the end of 2021. This is achieved primarily through architectural simplification, management, service, and efficiency improvements between business units. In addition, the company's core division structure will be streamlined within the framework of announced portfolio changes. Basf will continue to need more people in production and digital as it grows in the future.
Martin Brudermueller, Executive Chairman of BASF Europe, said: "The new organisational structure we are building will clearly focus on synergies, reducing interfaces and promoting flexibility and creativity. We want our customers to have a new experience at BASF. To do this, we must refresh ourselves first. By continuously improving our business efficiency and efficiency, we can help our customers succeed, enhance our competitiveness and grow profitability. "
about BASF
at BASF, we create a new role in chemistry - the pursuit of a sustainable future. We combine economic success, social responsibility and environmental protection. WITH approximately 122,000 employees worldwide, BASF contributes to the success of customers in almost all countries and industries. Our products are divided into six business areas: chemicals, materials, industrial solutions, surface treatment technology, nutrition and care, agricultural solutions. BASF's global sales in 2018 will be approximately EUR 63 billion. BASF's shares are listed on the Frankfurt (BAS) Stock Exchange and traded on the U.S. stock market in the form of American Deposit receipts (BASFY). For more information, please visit:.
