BASF to cut 600 jobs at its Antwerp site

The chemical group BASF plans to cut around 600 jobs at its Antwerp site by the end of 2028. The site employs around 3,000 people and is the second-largest production facility of the German BASF group. Aim: to reduce fixed costs by €150 million by 2028 compared with 2024. Reasons: the economic environment and the 'absence of noticeable effects from industrial support measures'. No Renault procedure will be initiated; employees are to find new employment within or outside the group. Details will follow in the coming months.