Home » Industrial relations » Transnational industrial relations » BASF: the group is getting ready to adopt the “European company” status BASF: the group is getting ready to adopt the “European company” status The chemistry world leader announced, at the end of February, that it was going to launch the procedure to transform BASF AG into BASF EC. On March 16, shareholders will be informed and invited to vote in favour of the transformation - during the general Assembly which will take place on April 26. As for the employees' representatives, they are actively preparing for the negotiation of a new European representation. (Ref. 070216) Through . Published on 09 March 2007 Ă 7h33 - Update on 09 March 2007 Ă 7h33 Resources As far as JĂĽrgen Hambrecht, BASF’ CEO, is concerned, the transformation of BASF AG into EC is simply common sense. The company realizes 60% of its sales in Europe. It employs 56,614 there (out of a total of 90,945,) 45,360 in Germany and 2,450 in France. Finally, it is present in about thirty European countries (24 of which with a headquarter.) “The European Company is a juridical option totally adapted to a company acting on an international level with a “domestic market” set in Europe.… Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageRGPD J’accepte la politique de confidentialitĂ©.EmailThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications Supporting parenthood in the workplace: a win-win strategy Supporting employee carers: a CSR challenge Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels