Listen to your employees – BASF does, and saves more than €50 million!
March 14, 2013 - Last year, BASF implemented nearly 20,000 suggestions for improvement from employees worldwide and, as a result, saved more than €50 million. In turn, the company rewarded employees with bonuses totalling more than €4.2 million.
By Anthony Capkun
“Successful idea management enables us to increase our competitiveness and optimize our work processes. The improvements also often make an important contribution to promoting occupational safety and protecting health and the environment. These achievements are a credit to our employees, and we would like to extend our heartfelt thanks for their dedication,” said Margret Suckale, board member of BASF SE.
With a total of 7000 ideas put into practice, employees of BASF SE at the Verbund site of Ludwigshafen saved the company just under €30 million in 2012. Thanks to just one idea from three employees who work at a solvent production plant—August Sadowski, Udo Storck and Willi Haag—BASF saves more than €2.5 million per year. Their proposal was to rebuild the air cooler in the plant in such a way that the production capacity can be fully utilized even under high outside temperature conditions.
BASF says idea management has become an integral part of the culture of innovation. In 2012, employees submitted nearly 38,000 new suggestions for improvement.