Bayer HealthCare to Cut 6,100 jobs
More pharm lay-offs. This time it is Bayer Healthcare who will layoff 6,100 people world-wide including 1,500 in Germany. This seems to be mainly due to overlap resulting from the acquisition of Schering AG and the down-sizing is set to be complete by 2009.
PharmaLive: Bayer HealthCare Announces Concrete Plans for the Global Synergy Goals and Job Cuts :
Here is a further breakdown of where the layoffs will occur:
3,150 in Europe
1,000 in the US
750 in Asia and Japan
1,200 in Latin America and Canada.
Here is the breakdown by function:
1,400 in R&D
1,850 in production
2,850 in admin
Technorati Tags: down-sizing, layoffs, Bayer
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