BASF: Chemical company advertises with job guarantees for Evonik takeover
The BASF CEO assures that company-related layoffs at Evonik will be excluded until 2032. In addition, Kamieth expects to continue operating some chemical parks himself.
BASF is making a bid to acquire Evonik, a specialty chemicals company, with significant commitments to the workforce and politics. BASF CEO Markus Kamieth has promised not to make any layoffs at Evonik until 2032 and to honor existing location agreements and collective bargaining agreements. He also aims to maintain Essen and North Rhine-Westphalia as a key location with at least one board of directors' resource.
Additionally, Kamieth plans to continue operating Evonik's chemical parks in Marl and Wesseling, which employ around 3500 people. A merger would be a strong response to global competition, Kamieth said, and would prevent European companies from being bought up by foreign investors.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
