BASF to cut 2,600 jobs to save costs in energy crisis

The company employs around 110,000 employees worldwide and in 2010, acquired a site in Cork from Cognis in 2010.

The chemical giant will close a number of factories, including two ammonia plants and related fertilizer facilities, resulting in 700 job cuts at its main Ludwigshafen plant in Germany. Photographer: Alex Kraus/Bloomberg

BASF will cut 2,600 positions, about 2% of its global workforce, to reap cost savings as Europe’s biggest chemical firm adjusts to a future without cheap Russian gas. The company also ended a share buyback early.

The chemical giant will close a number of factories, including two ammonia plants and related fertilizer facilities, resulting in 700 job cuts at its main Ludwigshafen plant in Germany, the company said Friday.