Bayer cuts 150 jobs in Basel
Published: Tuesday, Aug 20th 2024, 20:30
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The pharmaceutical and agrochemical group Bayer is cutting around 150 of its 1000 full-time jobs in Basel. A spokeswoman confirmed a corresponding report by the "Neue Zürcher Zeitung" to the news agency AWP on Tuesday evening.
According to the spokesperson, the reduction will primarily affect the Consumer Health division, which has its headquarters in Basel. The reduction is to be completed by 2025. According to the NZZ, there is a social plan.
Bayer is known to be in crisis. The German company has therefore cut more than 3,000 jobs worldwide since the beginning of the year. At the end of June, Bayer employed a total of just under 96,600 people in full-time equivalents.
With the savings program, the company aims to save two billion euros a year from 2026, and 500 million euros in the current year. "We are on course to achieve both targets," said Group CEO Bill Anderson at the beginning of August when presenting the half-year figures.
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