Employees

• Number of employees basically constant at 112,272
• Personnel expenses down by 15.0%

Compared with the end of 2015, the number of employees in the BASF Group declined by 163 to a total of 112,272 as of March 31, 2016. On this date, 62.3% were employed in Europe while North America accounted for 15.6% of employees, Asia Pacific for 15.5% and South America, Africa, Middle East for 6.6%.

From January to March 2016, personnel expenses fell by €432 million to €2,445 million compared with the same period of 2015. This was largely attributable to income from the release of provisions for the long-term incentive (LTI) program. The previous first quarter had also included the company anniversary bonus paid to employees.