BASF says it plans to trim costs by up to 10% and cut jobs The world’s largest chemical producer, BASF, has attributed its weak third quarter earnings to surging gas prices in the EU. The company said that it was seeking to achieve long-term cost cuts at its European sites. The German multinational, which produces a wide range of products, from basic petrochemicals to fertilizers and glues, said it will move ahead with a cost-saving plan to counteract sluggish growth, high energy costs, and over-regulation. “These challenging framework conditions in Europe endanger the international competitiveness of European pro
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