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BASF restructures

5:30 PM MDT | April 15, 2013

BASF says it will reshape its leather and textile chemicals business with increased focus on growing Asia/Pacific and high value-adding applications, such as those for the leather automotive industry and premium textile articles. Global R&D activities for each segment will be established at Shanghai. The restructuring will lead to 65 job losses worldwide, including 29 at Ludwigshafen. However, the reorganized business will add about 23 positions in China, India, and Turkey to support expected growth there. BASF expects to complete the planned measures by the...

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