BASF aims to save approximately EUR 1 billion by the end of 2026 to ensure the competitiveness of its Ludwigshafen headquarters. The program includes job cuts and places about 20% of production units under scrutiny. “We explain why we are doing this,” she noted, adding that there is both understanding and uncertainty among the workforce. Production under reviewA key aspect of the savings plan involves evaluating production facilities to improve their competitiveness. Negotiations for a new site agreement, set to replace the current arrangement expiring at the end of 2025, will begin shortly.