BASF Records Steep Fall in First-Quarter Profits and Sales; to Cut 2,000 Jobs

05:33 AM | April 30, 2009 | Deepti Ramesh

BASF has reported a 68% fall in first-quarter net profits, to €375 million ($495 million), compared with the first quarter of 2008. Sales for the quarter fell by 23%, to €12.2 billion mainly due to...