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Amid Merger Talk, BASF Pledges No Forced Layoffs Through 2032

The commitment, according to the company, would carry over existing site agreements and collective bargaining contracts — but the group was quick to stress that it is not chasing a deal at any price.

10 Articles

Bloomberg

Center

BASF Pledges Evonik Job Guarantees as Takeover Push Builds

BASF SE’s chief executive officer promised to honor Evonik Industries AG’s existing job guarantees through 2032, as the chemicals company stepped up lobbying efforts for a €10.3 billion ($11.5 billion) takeover of its rival.

22 hours ago·New York, United States

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Sueddeutsche Zeitung

Lean Left

BASF and Evonik: Job Guarantee Until 2032 – but Is that Enough for the Takeover?

The chemical group excludes operational terminations until 2032. Evonik is currently examining a takeover of the US rival Ashland.

23 hours ago·Munich, Germany

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Handelsblatt

Lean Right

Markus Kamieth: BASF CEO Advertises Evonik Takeover with Job Guarantees

The BASF CEO assures to exclude operational terminations at Evonik until 2032. In addition, Kamieth intends to continue operating some chemical parks itself.

24 hours ago·Düsseldorf, Germany

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BizToc

BASF Increases Bid for Chemicals Rival Evonik to Over €11 Billion

The Entire Business World on a Single Page with the Web's Most Comprehensive One-Stop Finance News Hub.

2 hours ago

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PlasticsToday

Amid Merger Talk, BASF Pledges No Forced Layoffs Through 2032

19 hours ago

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De Tijd

BASF Executive Tries to Appease Evonik Employees in Video

BASF CEO Markus Kamieth continues to hope for a takeover of his German chemical sector peer Evonik. In a video, he promises Evonik employees to uphold the job security guarantee until 2032.

21 hours ago·Belgium

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