Bayer Confirms 4,500 German Job Cuts in Post-Monsanto Reboot
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Bayer AG confirmed it’s cutting about 4,500 positions in Germany, part of an effort to reshape its business and become more profitable after its controversial Monsanto acquisition.
The cuts, which represent about 14 percent of the German workforce, are part of a larger package announced in November to eliminate 12,000 positions around the world. Bloomberg previously reported the German job cuts announcement on Monday.