Germany’s BASF to cut 6,000 jobs in pursuit of fatter margins

Massive German chemical company BASF said on Thursday it would slash 6,000 jobs worldwide by 2021, as the company slims down its organisation in pursuit of fatter margins.

BASF said it would centralise many services common to its different divisions, such as engineering, procurement, human resources, finance and logistics, as well as create a 1,000-strong “corporate centre” to support executives.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

No water cuts as Rand Water wraps up its 54-hour repair jobRand Water thanked customers on Wednesday afternoon for controlling their water usage during a 54-hour shutdown as it repaired a major water pipe.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Robots to take 20 million jobs, worsening inequalityRobots are expected to take over some 20 million manufacturing jobs worldwide by 2030, extending a trend of worsening social inequality while boosting overall economic output, a new study shows. Come voting day, we are the ones supposed to vote🤔🤔🤔
Source: TimesLIVE - 🏆 28. / 59 Read more »

BUSINESS MAVERICK: CEOs in South Africa are quitting their jobs, triggering a succession crisisCorporate South Africa has recently been infected by a state-owned enterprise disease. The symptoms of the disease? A high turnover of CEOs in a short space of time. More than 10 CEOs have either resigned or were pushed out of JSE-listed companies and business lobby groups since January 2019. It is only mid-year and market watchers expect the CEO revolving door to continue. One wonders why..? Dodgy CEO’s!
Source: dailymaverick - 🏆 3. / 84 Read more »

Sephaku cuts debt and costs as economic downturn persistsThe building and construction firm expects the economy’s growth to remain sluggish for up to two years
Source: BDliveSA - 🏆 12. / 63 Read more »

OPINIONISTA: To help fix the jobs crisis, bring on smartphone app-renticeshipsImagine this scenario for our Wakanda-in-the-making: Freely available to all, a series of apps designed for South Africans. The apps can range from an introduction to maths to geography to aeronautical engineering courses. They would be free to download and use – and they would not be boring.
Source: dailymaverick - 🏆 3. / 84 Read more »

Robots to take 20 million jobs, worsening inequalityRobots are expected to take over some 20 million manufacturing jobs worldwide by 2030, extending a trend of worsening social inequality while boosting overall economic output, a new study shows. Who is going to buy the things that these robots produce when humans would be unemployed and without buying power? How can there be economy with no employed people to consume? It wil be hard in future job opportunities new generation face challenges change technology
Source: TimesLIVE - 🏆 28. / 59 Read more »