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Bayer's German workers mostly spared from Monsanto-related job cuts: labour boss

Reuters  |  Leverkusen (Germany) 

By Patricia WeissLeverkusen (Germany) (Reuters) - The lion's share of job cuts from folding U.S. seed maker Monsanto into Bayer's agriculture unit will affect workers outside Germany, the head of Bayer's works council told Reuters."It's wrong to say that the employees now have to carry the can," Oliver Zuehlke, who represents Bayer's German workers, told Reuters. Chief Executive Werner Baumann, under pressure to boost Bayer's share price after a drop of more than 35 percent so far this year, last week announced asset sales and the reduction of 12,000 jobs across the diversified group, about ...

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First Published: Fri, December 07 2018. 18:41 IST