CNN: Bayer is cutting 12,000 jobs in the wake of its Monsanto deal
The chemical/BigPharma giant Bayer recently announced plans to slash 12,000 jobs from its global workforce by the end of 2021, as a corporate overhaul following its acquisition of Monsanto. A significant number of those reductions will be in Germany and more than 4,000 of those jobs will be at the company’s crop sciences division. RELATED STORY: Reuters: Tennessee restricts use of Monsanto pesticide as problems spread As you may remember, Bayer spent over $60 billion buying Monsanto but in order to get regulatory approval for the deal, it had to sell assets that included its seed business and some herbicide brands.1 RELATED STORY: Monsanto...
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