Germany, Dec. 16 -- The management and employee representatives of BASF SE have today concluded a new site agreement with the title "Shaping the Future for a Strong Site." The agreement is intended to run for five years. It will initially apply for three years, from January 1, 2026, to December 31, 2028, for employees of BASF SE at the Ludwigshafen site. It will automatically be extended by a further two years if the agreed targets for restoring profitability are achieved.The new site agreement addresses the current challenges facing the chemical industry. In an economically and geopolitically challenging environment, the agreement focuses on the competitiveness and adaptability of the site. It lays the foundation for structural changes, pr...