IHS Chemical Week

Chemical Week Magazine :: Business & Finance :: Europe/Mideast

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.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













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

ihsCopyright © 2012 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