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.
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20.5 - Manufacture of other chemical products
350 - 1,250 jobs Number of planned job losses
Announcement Date
29 November 2018
Employment effect (start)
1 January 2019
Foreseen end date
31 December 2021
Description
As announced at the end of November 2018, chemicals and pharmaceuticals manufacturer Bayer will cut 10 per cent or about 12,000 positions of its global workforce. The number of job cuts in Germany has been announced to the Works council on 6 December, approximately 900 jobs shall be cut in research and development in the pharmaceuticals divisions and 350 other positions. Two recently built plants in Wuppertal will be affected. The works council of one of the Wzuppertal plants currently employing 400 workers announced that the closure will begin in early January 2019 and that the site will be sold off.
In Germany direct dismissals are banned under an agreement signed with the works council and the chemical workers unions some years ago.
Sources
Citation
Eurofound (2018), Bayer, Internal restructuring in Germany, factsheet number 96165, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96165.
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