German trade union IG BCE (mining, chemistry, energy) on Friday demanded a 7% pay hike over 12 months for some 550,000 workers in the chemicals sector.
Negotiations for the sector begin next week, the union said in a statement.
BASF sells a majority stake in its coatings business to the investor Carlyle.
Novo Nordisk announced a global workforce reduction of approximately 9,000 positions to streamline operations and reinvest DKK 8 billion (€1 billion) in growth opportunities for diabetes and obesity treatments.
Building on the April 2025 announcement, Dow will take actions across its three operating segments to support European profitability, resulting in the closure of sites in Germany and the UK.
Ineos CEO Ineos calls on European politicians to save the chemical industry.
