BASF CEO Assures No Job Losses at Evonik Amidst €10.3 Billion Acquisition Pursuit
BASF CEO Markus Kamieth has issued a formal assurance regarding the potential acquisition of German chemicals rival Evonik. To mitigate concerns over workforce reductions, Kamieth promised that BASF will honor all existing job guarantees currently in place at Evonik through 2032. The commitment comes as BASF pursues a massive €10.3 billion ($11.5 billion) deal to acquire the company. This move is seen as a significant consolidation effort within the German chemical sector, aimed at strengthening market positioning despite potential labor and integration challenges.
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