Overview
- The binding location agreement covers Ludwigshafen employees from January 1, 2026 through December 31, 2028, replacing a pact that expires at the end of 2025.
- BASF will invest roughly €2 billion per year at the site to modernize and expand its infrastructure.
- The company and works council agreed that redundancy-based dismissals at the Ludwigshafen Stammwerk are excluded for the duration of the pact.
- Works council leaders called the accord a hard-won outcome, and the IGBCE union welcomed it as a stabilizing safety frame in a difficult industry environment.
- The deal accompanies a wider restructuring that includes partial asset sales, a planned 2027 IPO of the agricultural business, a dividend cut, and the 2026 opening of a new Verbund site in China reported at about €8.7 billion.