BASF plans to lay off its workforce in Harjavalta

BASF plans to lay off its workforce in Harjavalta

BASF, headquartered in Ludwigshafen, plans to lay off the entire workforce at its location in Harjavalta, Finland, for an indefinite period of time. This decision results from lengthy approval procedures with an uncertain outcome, which means that final approval is not foreseeable. Employee representatives and the company are negotiating this measure, which potentially affects all employees at the Harjavalta site. The delays and uncertainties due to regulatory approvals are having a significant financial impact on operations in Harjavalta. BASF plans to provide information about the measures to be taken after negotiations with employee representatives have been concluded. They reiterate their commitment to expanding the battery materials business, while the production of intermediate cathode materials in Schwarzheide remains unaffected through a partner network and access to markets.