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Bayer
German pharmaceutical major Bayer on Thursday announced that it is winding up its business from Pakistan, giving another setback to the cash-strapped nation amidst its precarious economic situation, according to a media report. The decision by Bayer, one of the largest pharmaceutical companies in the world, came days after local employees of the multinational company held a protest demanding that the company pay them 60 to 100 months' salaries -- ostensibly at par with the company's termination policies elsewhere in the world, the Dawn News reported. "Bayer has decided to wind up its business from Pakistan," the report said. The management of the company said that the organisation's assets from its factory in Pakistan have been sold to a local company, which has assured existing employees of job security for at least two years. "Since these workers would continue to be employed, there was no call for severance packages to be handed out," the report said. Prior to Bayer, American .
Global life sciences firm Bayer on Wednesday announced its tie-up with Rabo Partnerships and Mastercard for a five-year programme that aims to help 1 crore small farmers in India gain easier access to formal financial services. The programme is part of Bayer's commitment to reach 10 crore smallholder farmers worldwide by 2030 with much-needed inputs, digital tools and financial services, the company said in a statement. "Through this partnership, smallholder farmers will not only gain easier access to agricultural advisory services and direct market linkages, but also build their credit profiles and lower their input costs through access to institutional credit, allowing them to increase efficiency, improve crop yields, and grow their profits significantly," said D Narain, President, Bayer South Asia and Global Head of smallholder farming. Bayer's FarmRise, a digital platform for android mobile users, provides various digital advisory services to smallholders today, and through ...