BASF SE said that it has saved a total of €58 million during 2017 from ideas generated by its employees.
With the company’s “Idea Management” initiative, employees submitted suggestions that make every day work safer, easier and more efficient. More than 23,000 ideas were implemented in 2017, maintaining the high level of the previous year. BASF rewarded the ingenuity of its employees with bonuses totalling €4.3 million.
There was also a host of ideas implemented at the Ludwigshafen Verbund site, which achieved savings of €35.7 million. BASF rewarded its employees at the Ludwigshafen site with €3.1 million in bonuses. Employees of the crop protection division were particularly inventive: their suggestions achieved annual net benefits of €5.4 million.
BASF SE said that it has saved a total of €58 million during 2017 from ideas generated by its employees.
With the company’s “Idea Management” initiative, employees submitted suggestions that make every day work safer, easier and more efficient. More than 23,000 ideas were implemented in 2017, maintaining the high level of the previous year. BASF rewarded the ingenuity of its employees with bonuses totalling €4.3 million.
There was also a host of ideas implemented at the Ludwigshafen Verbund site, which achieved savings of €35.7 million. BASF rewarded its employees at the Ludwigshafen site with €3.1 million in bonuses. Employees of the crop protection division were particularly inventive: their suggestions achieved annual net benefits of €5.4 million.
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