Dow Jones-Bayer reduced his workforce for 7,000 jobs last year in the course of the introduction of the organizational model Dynamic Shared Ownership (DSO), mostly management positions. This emerges from a letter from CEO Bill Anderson to the shareholders. He had prescribed the organizational renovation in early 2024 to the pharmaceutical and agricultural and agricultural group, primarily to reduce bureaucracy and hierarchies and to give the individual teams more responsibility in the various areas. In addition, permanent savings of 2 billion euros are to be reached by 2026.
As announced, sustainable savings of 500 million euros were achieved by the end of 2024. In 2025, the costs are expected to decrease by another 800 million euros.
Contact with the author: [email protected]
DJG/Rio/Sha
(End) Dow Jones Newswires
March 05, 2025 02:28 ET (07:28 GMT)
Selected leverage products on Bayer
With knock-outs, speculative investors can participate disproportionately in price movements. Simply choose the desired lever and we will show you suitable open-end products on Bayer
The lever must be between 2 and 20
Advertising