BASF announces job cuts amid cost-saving strategy and new India hub

BASF SE announced more job cuts as the German manufacturer continues its cost-savings push in a difficult chemicals market.The company targets “significant” workforce reductions at its internal IT division that employs around 8,500 people, it said Friday. BASF sees adjusted operating earnings of between €6.2 billion ($7.3 billion) and €7 billion this year, compared with €6.6 billion last year. The shares fell the most since April.This year will be “another transitional year with significant headwinds for ou ...