BASF saves €60 million globally from employee ideas
€4.4 million paid out in bonuses to employees
There was also a host of new ideas implemented at the Ludwigshafen Verbund site, which achieved savings of approximately €30 million for the fifth consecutive year. BASF rewarded the performance of its employees at the Ludwigshafen site with €3 million in bonuses. Employees of the Petrochemicals division were particularly inventive: their improvement proposals achieved annual net benefits of €6.5 million.
Many of the ideas were developed through teamwork. For example, employees at the melamine plant of the Monomers division, working together with colleagues from quality management, implemented an innovative refurbishment concept. In parts of a plant with hundreds of densely stacked pipes, a few pipelines were defective. Rather than idling the entire plant for several months, the colleagues were able to identify the specific lines needing to be shut down, while the remaining lines could continue to operate. This allowed total downtime to be reduced to just eight weeks, and saved costs of approximately €2 million.
Most read news
Organizations
Other news from the department career
Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.