BASF cuts 3,700 jobs Local German Business News In English
The German chemical giant BASF announced on Monday 3,700 job cuts by 2013 under a deep restructuring plan that follows its takeover of the Swiss group Ciba. Source: The Local: Money
With stocks going down last week and again this week I think that this was a wise move for the company. It is hard to see that many more people out of work though.
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