BASF to slash jobs

23rd November 2004, Comments 0 comments

23 November 2004 , LUDWIGSHAFEN - The figure was set in a pact between the management and the works council, a labour representative panel mandated by German law. The pact specified that the workforce, which numbered 35,604 at the end of September, would shrink to about 32,000 by the end of 2007 without lay-offs. In Germany that commonly means reducing staff by attrition and financial offers to induce early retirement.

23 November 2004

LUDWIGSHAFEN - The figure was set in a pact between the management and the works council, a labour representative panel mandated by German law.

The pact specified that the workforce, which numbered 35,604 at the end of September, would shrink to about 32,000 by the end of 2007 without lay-offs. In Germany that commonly means reducing staff by attrition and financial offers to induce early retirement.

DPA

Subject: German news

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