... Reduces BMS Output; More Cuts to Come

Bayer is responding to “considerably weaker sales and earnings” at its Bayer MaterialScience (BMS) subgroup by cutting back production in some areas, says Werner Wenning, Bayer chairman and CEO. More cutbacks are to come, he adds. BMS sales and earnings were even weaker in November than the previous month, Wenning told journalists at a recent presentation in Leverkusen. “We are preparing further measures next year such as temporary shutdowns and short-time working,” he says. Further details will be announced in early March 2009, he adds...

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