BASF signalled on Friday it would shift jobs from its home market of Germany to Asia, as the struggling chemical giant seeks to aggressively cut costs.

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BASF announces job cuts and cost-saving measures amid a challenging chemicals market, while establishing a new hub in India.

BASF SE warned it will need to make more savings as the German manufacturer confronts a prolonged downturn in the chemicals market.

The lettering "BASF" is attached to an industrial plant on the site of the chemical company BASF. Uwe Anspach/dpa Ailing German chemical giant BASF has signed an agreement to refrain from compulsory ...

FRANKFURT (Reuters) - BASF said it expects the majority of job cuts in Europe, part of as-yet unspecified cutbacks over the next few years, to be carried out through retirements and people moving to ...