BASF Pledges $12-Billion Investment at Ludwigshafen

BASF has reached an agreement with employee representatives at its Ludwigshafen complex that pledges investments of €9 billion-€10 billion ($12.1 billion-$13.5 billion) and no forced job cuts at the site through 2015. Ludwigshafen, the world’s largest integrated chemicals complex, employs 33,000, 31% of BASF’s total. Schwager: Crisis highlighted the importance of cooperation. Approximately two-thirds of the investment will be for modernization and maintenance, and the rest for R&D. Ludwigshafen will...

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