BASF is temporarily shutting down approximately 80 plants worldwide. In addition, BASF is reducing production at approximately 100 plants. Worldwide, approximately 20,000 employees will be affected by the production cuts. Flexible working time arrangements will be used wherever possible. The adjustments are primarily being carried out in units that supply the automotive, construction and textile industries. Value chains affected include ammonia, styrene and polyamide, which manufacture precursors for engineering plastics, coatings and fibers. Reduced capacities are expected to last until January 2009 for individual plants.
BASF reduces production worldwide
By Tim Wright
Published December 1, 2008
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