BASF Says It Would Honor Evonik Job Commitments if It Acquires Company
BASF said it would honor Evonik’s existing agreements to preserve jobs in the event of an acquisition. The CEO said compulsory redundancies would remain off the table until 2032.
BASF (XETR:BAS) said on Thursday it would honor existing agreements made by takeover target Evonik (XETR:EVK) to protect jobs if an acquisition goes ahead. The company also warned that more painful takeover approaches from abroad were looming. “This means compulsory redundancies remain off the table until 2032. C…