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Bayer Announces Major Job Cuts Following Schering Acquisition

1:06 PM MDT | July 24, 2007 | Chemical Week Editorial Staff

Big cuts planned: Bayer Schering Pharma offices in Berlin. Bayer HealthCare says it will cut 1,500 jobs in Germany as part of a previously announced restructuring. Most of the jobs will be lost at the Berlin headquarters of Bayer Schering Pharma, the company says. Bayer acquired Schering last year and merged it with Bayer’s pharma business to create Bayer Schering Pharma. The company said at the time that it would cut 6,100 jobs worldwide under postmerger restructuring. Bayer HealthCare says it will cut 3,150 jobs in Europe, including the German cuts; 1,000...

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