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People & Business :: People/Executives

November 14, 2007

Bayer to Cut 1,500 Jobs in Plastics; Group Expects Strong Year

Natasha Alperowicz in Leverkusen

Bayer says it will carry out a major restructuring of its Bayer MaterialScience (BMS) unit, with the loss of 1,500 jobs, 10% of BMS’s total. The restructuring is intended to save the company an annualized €300 million ($434.5 million) by the end of...

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