Bayer to cut 6,100 jobs globally

Share this article:
Bayer said Friday it plans to eliminate 6,100 jobs as a result of its acquisition of German rival Schering, The Wall Street Journal reported. Bayer said of the job cuts 1,500 will be in Germany, where Schering employed around 7,000 people and where Bayer has around 37,600 employees. On Wednesday, Bayer already said it would cut 950 jobs at Schering’s former Berlin headquarters, which currently has a staff of 6,000 people. A further 160 jobs will be lost at the German Bayer sit in Wuppertal, Germany and 140 more at a former Schering site in Jena, Germany. Bayer is to cut in total 3,150 jobs across Europe, including the job losses in Germany. Additionally, 1,000 job cuts are planned in the US, 750 in Japan and the Asia Pacific region and 1,200 in Latin America and Canada. Of the 6,100 jobs to be eliminated, 2,850 will be administrative positions. About 1,850 production jobs will be cut and 1,400 are to go in research and development.
Share this article:
You must be a registered member of MMM to post a comment.

Email Newsletters

More in News

Five things for Pharma Marketers to know: Friday, August 29

Five things for Pharma Marketers to know: Friday, ...

Takeda closes out a good-news, bad-news kind of week, AstraZeneca adds a new clinical trial for its experimental PD-1, and researchers link a funeral to the Ebola outbreak.

Amgen sends PCSK9 to FDA

Amgen sends PCSK9 to FDA

Evolocumab holds the FDA's first filed biologics license application for the class.

Consultants expect M&A tempo to continue

Consultants expect M&A tempo to continue

PwC anticipates that divestitures will fuel late-2014 deals, but notes that the noise around early deals and the financials don't fully match up.