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(BASF) -- BASF SE management and employee
representatives signed a new site agreement for the company’s Ludwigshafen
site. The agreement, titled “Safeguarding the future through flexibility and
operational partnership,” applies to the approximately 33,000 BASF SE employees
at the site for the period from the beginning of 2011 to end of 2015. It
replaces the site agreement from end of 2004 which expires at the end of this
year.
A no-redundancy pledge is a key element of the agreement. Another is the
company's promise to spend ?9 to 10 billion on measures to safeguard the site’s
future through to the end of 2015. Approximately two-thirds of the amount will
be used on investment, modernization and maintenance to keep the Ludwigshafen
site performing at its best in terms of technology and organization and thus
strengthening core operations.
The investment thus remains at the high level of the past years. Research
and development expenditure will also be at the level of previous years and will
account for more than one-third of the total amount. Ludwigshafen will remain
the central platform for global research and development at BASF.
mrcplast.com
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