EMCC European Monitoring Centre on Change

Bayer

Company/Organisation:
Bayer

Geographic Location

Country: World
Location of affected unit(s): Europa - USA - Japan - Leverkusen Wuppertal (Nordhein-Westfalen)

Company

Sector: Manufacturing
Manufacture of pharmaceuticals, medicinal chemical and botanical products
21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
Number Employed: 116900

Employment Effects

Announcement Date: 24-05-2002
Planned Job Reductions min: 4700
Planned Job Reductions max: 6000
Type of Restructuring: Internal restructuring
Foreseen End Date: 01-12-2005

Additional Information

Bayer had announced that the global headcount would be reduced by 10,300 over the next four years – including 1,800 positions already eliminated – as part of the current restructuring programs. 1300 job losses worldwide announced in May 2002 until the end of 2003. 4700 job losses worlwide, announced in September 2002 until the end of 2005. In total there will be 15000 job losses over the next five years.