Bayer will reorganize to save about $1.1 billion annually

11/18/2010 | Reuters

Bayer plans to let go 4,500 employees and create 2,500 jobs in emerging markets by 2012 as part of a restructuring. The company expects to take a one-time charge of $1.4 billion and incur annual savings of about $1.1 billion starting 2013. "To finance the expansion of our growth activities, we ... need to redirect resources, improve efficiencies and cut costs," CEO Marijn Dekkers said.

View Full Article in:

Reuters

Published in Brief:

SmartBrief Job Listings for Health Care

Job Title Company Location
Director, Site Quality Management
CareFusion
Minneapolis, MN
In house Compliance Officer
Confidential
Pompano Beach, FL
Clinical Project Manager
Abiomed, Inc.
Danvers, MA
Sr. Manager, Regulatory Affairs - International
Integra LifeSciences
Plainsboro, NJ
Associate - Food and Drug
Keller and Heckman LLP
Washington, DC