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 of Behavioral Health Operations
Meridian Health Plan
Detroit, MI
Medical Director
PacificSource
Bend, OR
Clinical Appeals RN
MJHS
Brooklyn, NY
Director of Clinical Operations
Meridian Health Plan
Detroit, MI
Sr. Director, Regulatory Compliance Intelligence and Outreach
Johnson & Johnson
New Brunswick, NJ