BASF’s Global Business Services unit is being further developed.
The division was established Jan. 1, 2020, as part of the implementation of BASF’s corporate strategy.
As of that date, around 8,400 employees worldwide transferred to Global Business Services and since then have been providing services for BASF’s business units, ranging from financial and logistical processes to services in the areas of communication, human resources, environment, health and safety.
Following the bundling of services and resources and the implementation of a wide-ranging digitalization strategy, the number of employees in Global Business Services worldwide will decline by up to 2,000 by the end of 2022.
From 2023 onward, the unit expects to achieve annual cost savings of over €200 million.
As part of this, more services than before will be bundled in hubs, which will offer as many services as possible for the units in the BASF Group.
Details of the planned realignment will be worked out in the coming months. Employee representatives will be involved according to local rules and regulations.
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