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The German group Bayer announced today the removal of 12,000 jobs by 2021 out of a total of 118,200 worldwide, or 10% of the company's workforce, as a result of the Acquisition of the US Monsanto.
source: RES-MPE
Nearly half of the jobs to be cut are administrative services, while 4,100 jobs will be cut in agrochemicals, a direct result of "marriage" with Monsanto. In addition, 1,250 jobs will be cut in the pharmaceutical sector and 1,100 in non-prescription drugs.
At the same time, Bayer says it is looking for strategic choices for the Coppertone series of sunscreen and foot care products. Scholl's, disinvesting the animal health department.
The German pharmaceutical group, which acquired Monsanto last year, also announced that it was looking for a buyer for its 60% stake in the German company Currenta.
"These changes are necessary and will lay new groundwork for Bayer, allowing it to improve its performance and flexibility," said Werner Baumann, chief operating officer for the pharmaceutical sector at Leverkusen.
Bayer has disbursed $ 63 billion ($ 54 billion) this year to acquire Monsanto, the US giant of pesticides and genetically modified products, which produces the controversial herbicide containing glyphosate.
The CEO of Werner Baumann is under pressure to raise the price of the giant's action after a fall of more than 35% since the beginning of the year, to which worries more than 9,000 treatments for Monsanto Herbicide. , the Roundup.
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