German chemicals giant BASF to cut 2,000 jobs

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BASF says shedding 2,000 jobs by the end of 2022 would help the group save 200 million euros ($234 million) annually by 2023.

German chemicals giant BASF said on Tuesday, September 22, it would cut 2,000 jobs in its newly created business services unit to help slash costs.

BASF said shedding 2,000 jobs by the end of 2022 would help the group save 200 million euros annually by 2023.

 

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