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Pharmaceuticals Giant Bayer Cutting 4,500 Jobs

The company is fighting fallout from lawsuits over the alleged carcinogenic effects of Roundup, which it acquired with the purchase of Monsanto last year.

Bayer

BERLIN (AP) — Pharma and chemicals giant Bayer says it is cutting 4,500 jobs in its home market of Germany. Bayer said Tuesday that the positions are part of 12,000 job cuts announced last year. The company currently has about 32,100 employees in Germany. 

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


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