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The German group Bayer announced today the removal of 12,000 jobs worldwide by 2021 following the takeover of the US pesticide company Monsanto.
Nearly half of these jobs are in administrative services, while 4,100 jobs are in the agrochemical division, a direct result of the connection to Monsanto, 1,250 in pharmaceuticals and 1,100 in non-prescription drugs.
With this decision, the pharmaceutical and chemical group reduced its workforce by 10%.
"The changes are necessary and will lay new groundwork for Bayer, allowing it to improve its performance and flexibility," said Werner Baumann, group leader.
The German company has spent this year 63 billion dollars (54 billion euros) on the acquisition of Monsanto, an American company specializing in pesticides and genetically modified organisms, which produces in other the controversial herbicide glyphosate.
With this acquisition, Bayer's activities now include agrochemicals and pharmaceuticals at the heart of its new strategy.
Bayer has also indicated that it wants to leave the Animal Health Products Division and some parapharmacy products (sunscreens and foot treatment).
On the Frankfurt Stock Exchange, Bayer shares lost 0.75% at 4:20 pm (Lisbon time).
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