Bayer

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Chemicals And Pharamceuticals
Manufacture Of Chemicals And Chemical Products
20 - Manufacture of chemicals and chemical products
4,500 jobs
Number of planned job losses
Job loss
Announcement Date
18 November 2010
Employment effect (start)
1 January 2011
Foreseen end date
31 December 2012

Description

On 18 November 2010, the German chemical group Bayer announced plans to cut approximately 4,500 positions worldwide - including 1700 in Germany - before the end of 2012. Over the same period, the group expect to create 2,500 positions, particularly in the emerging markets. The IG BCE union has asked Bayer to negotiate to preserve employment in Germany. The company has 54,500 employees in Europe.

Sources

Citation

Eurofound (2010), Bayer, Internal restructuring in World, factsheet number 71228, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71228.