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Last Update:
March 1, 2012
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The challenge of demographic change

We have a number of measures to address the effects of demographic change. Our focus is on Europe and the United States and we place importance on sharing experience internationally. We have analyzed the age structure of our workforce as well as demographic developments in our host communities to determine site-specific risks.

In Europe, we conducted workshops on the challenges of demographic change together with Econsense and other partners from the areas of politics, industry and science. In North America, a new retirement planning model was introduced in order to ensure that the benefits of employees’ knowledge and experience are not lost. Within BASF SE, we have offered health check-ups on a voluntary basis for all employees since 2011. We support our managers with new training seminars on the topic of “leadership in times of demographic change.” We used the experience gained from the Generations@Work program in production units to adapt it for non-production units. BASF SE and all German Group companies participating in collective bargaining agreements have contributed €300 annually per non-exempt employee into a company “demography fund” since 2010. The demography fund is being used in nearly all Group companies to finance long-term savings accounts for non-exempt employees, allowing them flexible options for the transition into retirement.

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BASF Group employee age structure (as of December 31)

 

 

Total

Thereof
women %

Employees

111,141

23.5

thereof up to and including 25 years

8,087

32.4

thereof between 26 and 39 years

36,809

30.5

thereof between 40 and 54 years

52,742

19.3

thereof 55 years and older

13,503

15.4

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