The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Europa - USA - Japan - Leverkusen Wuppertal (Nordhein-Westfalen)
Sector
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
4,700 - 6,000 jobs Number of planned job losses
Announcement Date
24 May 2002
Employment effect (start)
Foreseen end date
1 December 2005
Description
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.
Sources
Citation
Eurofound (2002), Bayer, Internal restructuring in World, factsheet number 59439, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59439.
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