Employees were notified that the approximately 112 positions at the site will be eliminated over the next two years.
"We wanted employees to be aware of this decision as soon as it was made. We regret the impact this decision may have on these employees and their families," said Juan Carlos Ordonez, group vice president of BASF's coatings regional business unit. "The decision is in no way a reflection of the hard work, dedication and professionalism of the colleagues at this facility."
The decision was made because the Belvidere site is an aging facility and would require significant infrastructure investment to continue operation, according to the company. Products currently manufactured at the site will be moved to other BASF sites, though specific locations are not yet known.
BASF will work with affected employees to help them locate other employment opportunities within the company, or will provide employees with the appropriate severance compensation and out-placement services.
The company started paint production at the site in 1985.