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Bayer to cut 4500 jobs in Germany

Bayer to cut 4500 jobs in Germany

BERLIN: Pharma and chemicals giant Bayer say it is cutting 4,500 jobs in its home market of Germany.

The company said Tuesday that the positions are part of 12,000 job cuts around announced last year. The company currently has about 32,100 employees in Germany.

Read Also: Bayer CEO defends Monsanto deal amid Roundup rulings

The company is fighting the fallout from lawsuits over the alleged carcinogenic effects of Roundup, a weed killer it acquired with the purchase of American agrochemicals rival Monsanto.

Read Also: Bayer Zydus Pharma to continue to invest in new medicines

The company says that scientific evidence shows the product is safe and regulators have supported that conclusion.

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Source: AP
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