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BASF generated sales of around €63 billion in 2018.

BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.

This decrease results from the organizational simplification and from efficiency gains in administration and services as well as in the operating divisions.

In addition, central structures are being streamlined in the context of the announced portfolio changes.

With an organizational realignment, BASF is creating the conditions for greater customer proximity, increased competitiveness and more profitable growth.

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“Global Engineering Services” and “Global Digital Services” will in future offer their services either for individual sites or globally for business units of the BASF Group, “Global Procurement” will make purchasing even more effective.

“Global Business Services” will be newly established and will form a worldwide network of about 8,000 employees providing end-to-end services.

BASF will continue to need additional employees in fields like production or digitalization, depending on future growth rates.

“We will set up the new organization with a clear focus on leveraging synergies, reducing interfaces and enabling flexibility and creativity,” said Dr. We will therefore continue to develop our organization to work more effectively and efficiently.

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