German chemical company BASF AG has announced that an agreement was signed on Tuesday November 23 in which management and employee representatives outlined strategic changes at the company’s Ludwigshafen site in order to ensure the facility’s future. The plan involves shedding about 3,600 jobs at the site (approximately 10% of the workforce) by 2007 as a part of efforts to ensure competitiveness. However, the cuts will not be made through enforced redundancies. This target value of 32,000 employees and the avoidance of enforced redundancies will continue to apply until 2010.

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