German ‘chemical town’ fears impact of industrial decline
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Germany's industrial decline is impacting communities like Ludwigshafen, a company town reliant on chemical giant BASF, which has shed thousands of jobs and is shifting focus to China. Concerns are rising over job security and the sale of company-owned apartments, though BASF insists it remains committed to Ludwigshafen and will avoid compulsory redundancies until at least 2028. Meanwhile, German industrial companies are cutting jobs due to high energy costs, competition, and weak demand, with the manufacturing sector shrinking significantly.
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