Frankfurt, Germany, Feb 27, 2026 (AFP) - Chemical giant BASF to shift jobs from Germany to Asia

NAMPA / AFP

2026-02-27

BASF signalled on Friday it would shift jobs from its home market of Germany to Asia, as the struggling chemical giant seeks to aggressively cut costs. The vast German chemical sector has been mired in crisis in recent years due to overcapacity, weak demand and high energy costs. BASF, the world's biggest chemical group and a key supplier to industries ranging from automotive to agriculture, has launched a major savings drive, in particular dire......

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