HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Bayer is cutting 12,000 (...

Thu Nov 29, 2018, 03:08 PM

Bayer is cutting 12,000 (1/10) jobs in the wake of its Monsanto deal


The chemicals and pharmaceuticals group said it would cut 12,000 jobs out of its global workforce of 118,000 by the end of 2021. A significant number of the reductions will be made in its home market of Germany.

Bayer (BAYRY) spent over $60 billion buying Monsanto. To gain regulatory approval for the deal, Bayer agreed to sell assets including its seed business and some herbicide brands.

The German company said in a statement on Thursday that it was considering whether to sell more assets, including the sunscreen business Coppertone and footwear brand Dr. Scholl's.

https://amp.cnn.com/cnn/2018/11/29/business/bayer-job-cuts-monsanto/index.html

3 replies, 300 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 3 replies Author Time Post
Reply Bayer is cutting 12,000 (1/10) jobs in the wake of its Monsanto deal (Original post)
underpants Nov 29 OP
Wellstone ruled Nov 29 #1
underpants Nov 29 #2
Wellstone ruled Nov 29 #3

Response to underpants (Original post)

Thu Nov 29, 2018, 04:04 PM

1. More US workers in the Mid West

going away? Monsanto has major exposure in the Gulf as well all along the Mississippi River.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Wellstone ruled (Reply #1)

Thu Nov 29, 2018, 04:14 PM

2. It says mostly Germany

Reply to this post

Back to top Alert abuse Link here Permalink


Response to underpants (Reply #2)

Thu Nov 29, 2018, 04:54 PM

3. That is interesting.

They are a Swiss Company by origin. Had read that this merger would kill some 20k jobs in order to pay for it.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread