IHS Chemical Week

Regions :: Western Europe

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

12:24 PM MST | November 9, 2007 | 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 2009, Bayer chairman Werner Wenning said last week at the company’s third-quarter results presentation at Leverkusen. Of the total cuts, 400-500 jobs will be lost in Germany where BMS currently has 7,000 employees, Wenning says. BMS plans to reduce staffing levels by 155 at Antwerp and by about 200 at...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.



Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.

 














 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa