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    Breaking News

    BASF Realigning Global Business Services Unit

    Global concept to bundle service offerings for units in BASF Group.

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    Coatings World staff09.24.20
    BASF’s Global Business Services unit is being further developed. 
     
    The division was established Jan. 1, 2020, as part of the implementation of BASF’s corporate strategy. 
     
    As of that date, around 8,400 employees worldwide transferred to Global Business Services and since then have been providing services for BASF’s business units, ranging from financial and logistical processes to services in the areas of communication, human resources, environment, health and safety.
     
    Following the bundling of services and resources and the implementation of a wide-ranging digitalization strategy, the number of employees in Global Business Services worldwide will decline by up to 2,000 by the end of 2022. 
     
    From 2023 onward, the unit expects to achieve annual cost savings of over €200 million. 
     
    “Overall, with these planned measures, we will make a considerable contribution to BASF Group’s efficiency,” said Marc Ehrhardt, head of the Global Business Services division. “By fundamentally simplifying processes and utilizing digital solutions, we want to meet the needs of the BASF business units flexibly and competitively."
     
    As part of this, more services than before will be bundled in hubs, which will offer as many services as possible for the units in the BASF Group. 
     
    Details of the planned realignment will be worked out in the coming months. Employee representatives will be involved according to local rules and regulations.
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    Related Breaking News

    • Breaking News | Industry News
      BASF and CATL Sign Agreement to Accelerate the Achievement of Global Carbon Neutrality

      BASF and CATL Sign Agreement to Accelerate the Achievement of Global Carbon Neutrality

      The partnership supports both companies’ commitment to global carbon neutrality and CATL’s localization strategy in Europe.
      09.17.21

    • Additives | Automotive Refinish | Breaking News | Paint & Coatings Manufacturer News
      BASF

      BASF's Coatings Division Employs Covestro's Ultra Line of Coating Hardeners

      BASF Coatings and collision centers benefit from simple 1:1 replacement.
      09.15.21

    • Breaking News | Distributor News
      Azelis Expands Distribution Partnership with BASF

      Azelis Expands Distribution Partnership with BASF's 3-D Printing Solutions

      Azelis to expand distribution partnership with Forward AM, the brand of BASF 3D Printing Solutions, into India, Australia and New Zealand.
      09.06.21


    • Breaking News
      BASF, SINOPEC to Expand Verbund Site in Nanjing, China

      BASF, SINOPEC to Expand Verbund Site in Nanjing, China

      The first tert-butyl acrylate plant outside of Germany using BASF technology to meet the growing demand for specialty chemicals in China.
      08.06.21

    • Top Companies Report

      Top Companies Report

      Coatings World is proud to bring the industry our annual Top Companies Report
      Kerry Pianoforte, Editor 07.28.21

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