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The German chemical and pharmaceutical company Bayer is in the process of change. In addition, 12,000 jobs will be lost over the next few years, about 10% of the total at Bayer. Most jobs are eliminated in Germany and in the Crop Protection Division. The veterinary medicine division is sold. We are also looking at how Dr. Scholl (foot care) and Coppertone (sunburn products) have been sold.
The radical restructuring is motivated by cost. Bayer took $ 59 billion US early this year. The planned merger and reorganization is expected to generate structural savings of 2.6 billion euros over four years.
Allegations and Judgments
In other parts of society, Bayer will invest more, until the end of 2022, amounting to 35 billion euros. especially in research and development. In his own words, Bayer wants to be better prepared for the future as a society of life sciences .
With Monsanto's takeover, the company is the world's largest producer of plant protection products and seeds, but with the weed-killing agent The Monsanto round-up has a whole series assertions and sentences on his pants. Because of all the fuss around Roundup, Bayer's share has lost more than a third of its course. This is partly for this reason that reorganization is necessary.
118,000 people work worldwide at Bayer. It is not clear if the reorganization will also affect the Netherlands. Bayer has five branches in Mijdrecht, Maastricht, Enkhuizen, Wageningen and Amsterdam.
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