Job Cuts at Bayer Bayer Material Science Cuts Around 700 Jobs

Editor: Dominik Stephan

Bad news just in time for the K 2013: Chemical giant Bayer cuts about 700 jobs in its plastics and polymers subgroup Bayer Material Science. The company justified this step with economy measures...

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Sunset in Leverkusen? Just in time for K 2013, Bayer's polymer materials unit announced job cuts...
Sunset in Leverkusen? Just in time for K 2013, Bayer's polymer materials unit announced job cuts...
(Picture: Bayer)

Leverkusen/Germany – These plans will affect around 180 employees in Germany and 520 worldwide. These jobs shall be cut or divested by selling Bayer shares and investments, local media reported. Bayer Material Science, the company's polymers and plastic business unit, suffers from rising prices for raw materials, a decreasing demand for polymers and high costs of idleness in the US.

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