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Green Subsidies in Germany / EU regulators launch in-depth probe

The European Commission said on Wednesday it would open a full investigation into Germany’s management of green subsidies, a decision that could lead to higher costs for industry and unsettle investors in renewable energy. Around 2,000 German heavy energy users, including chemical and steel firms such as BASF and ThyssenKrupp , have been exempt from … Continue reading

BASF To Cut 500 Jobs

German chemicals giant BASF SE (BASFY,BFA.L) said it will cut about 500 jobs worldwide by the end of 2015, including 350 in Switzerland, and also streamline processes as part of a restructuring at its performance products segment. BASF plans to significantly increase competitiveness at the segment in the coming years by streamlining processes, investing in … Continue reading

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