The Urethane Blog

BASF Streamlining Operations

BASF cutting finance department jobs as part of consolidation

By Eric Strauss, November 13, 2015 at 10:11 AM BASFClear

BASF Corporation is laying off more than 90 workers in the finance department at its Florham Park headquarters, part of a previously announced consolidation of operations.

The chemical company filed a WARN notice with the state Department of Labor and Workforce Development that indicated the 92 positions would be cut by Jan. 15, 2016, as it merges its North and South American financial units into a single shared center based in Uruguay.

BASF had said the center in Uruguay would come online next year and employ about 320 people. Overall, the company had said it would be cutting about 200 finance positions in North America and another 120 in South America by mid-2016.

WARN notices normally cover mass layoffs or facility closings as part of the Worker Adjustment and Retraining Notification Act of 1989.