Bayer to Cut 1,500 Jobs in Plastics;Group Expects Strong Year

摘要

Bayer says it will carry out a major restructuring of its Bayer MaterialScience (BMS) unit,with the loss of 1,500 jobs,10% of BMS's total.The restructuring is intended to save the company an annualized Euro300 million (434.5 million) by the end of 2009,Bayer chairman Werner Wenning said last week at the company's third-quarter results presentation at Leverkusen.