BASF Agrees to Keep Workers at Ludwigshafen Plant Until 2029

BASF SE will refrain from compulsory job reductions at its main Ludwigshafen site for at least three years, sparing the plant from forced cuts as German industry struggles.

The company signed a new site agreement with employee representatives which initially applies from January 2026 to December 2028 and will be extended for two more years if agreed profitability targets are met, BASF said Monday.