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Bayer MaterialScience to reduce costs, downsize operations
1:56 AM MDT | September 19, 2013 | Natasha Alperowicz
Bayer MaterialScience (BMS), a leading global producer of polycarbonates and polyurethanes, is seeking to cut costs to counter overcapacity in the industry. The company says its management is currently in talks with employee representatives to clarify how these measures can be implemented in the next few years. BMS says it is continuing to align its activities to the constantly changing market conditions. The principal causes are overcapacity in some products, new competitors entering the market, the ongoing crisis in Europe, and the economic...
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