The Economic Crisis in Ludwigshafen

Ludwigshafen, home to the industrial giant BASF, faces economic uncertainty as its economy heavily depends on this single company. The traditional sense of security is eroding for its residents, many of whom have family legacies tied to BASF, exemplified by individuals like Tony Amato, who recalls his father's 33-year career with the company. Recent global disruptions, including the COVID-19 pandemic and the energy crisis exacerbated by geopolitical tensions, have forced BASF to consider significant job cuts and restructuring, indicating a looming crisis. This corporate instability directly reflects in the city’s economy, as job losses and reduced investments lead to a growing sense of insecurity among the local population.