BASF to Maintain Evonik Job Guarantees
BASF will reportedly commit to preserving job guarantees and German sites in any potential takeover of Evonik. Sources indicate BASF is prepared to respect existing agreements protecting workers until 2032.
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BASF SE is prepared to preserve employment guarantees at Evonik Industries AG in any takeover deal, people close to BASF said on Monday. The commitment addresses intense political scrutiny in Germany over potential job losses. Securing labor backing remains critical for BASF as it mulls raising its previous €10.3 billion ($11.51 billion) bid.
