Special thanks to BASF employees from management
€ 50 million as special payment to employees worldwide.
- (1888PressRelease) December 16, 2010 - BASF’s management is rewarding its employees for their extraordinary team effort in bringing our company successfully through the crisis. The Board of Executive Directors has approved €50 million as a special payment to employees worldwide.
“Through our combined efforts, we successfully brought our company through the crisis and have once again made BASF strong. We will achieve record earnings and once again earn a premium on our cost of capital. This success was only possible through our employees’ team spirit, high level of flexibility and their outstanding effort. We can all be very proud of what we have achieved,” stated Dr. Jürgen Hambrecht, Chairman of the Board of Executive Directors in his year-end letter to employees.
The individual amount for employees will be determined at a later date by the local BASF companies.
About BASF
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics and performance products to agricultural products, fine chemicals as well as oil and gas. As a reliable partner BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. BASF posted sales of more than €50 billion in 2009 and had approximately 105,000employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.
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