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BASF seeks 'permanent' cost cuts at European operations

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BASF seeks 'permanent' cost cuts at European operations

BASF said costs at its European sites must be cut to a "permanently" smaller size because of a triple burden of sluggish growth, high energy costs and over-regulation, with the German industrial giant's boss throwing his weight behind a planned expansion in China.

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BASF seeks 'permanent' cost cuts at European operations

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BASF seeks 'permanent' cost cuts at European operations

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