Bayer said today it will eliminate about 12,000 jobs worldwide by the end of 2021approximately 10% of its total workforcein a restructuring designed to cut costs, streamline operations, and shift pharmaceutical R&D toward external collaborations.
Of the planned job cuts, 1250 will be in Bayers core business of Pharmaceuticals. They consist of approximately 900 R&D jobs and about 350 positions at the companys factor VIII facility in Wuppertal, Germanywhich Bayer said it will shut dow…
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