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Bayer Global R&D Realignment Will Consolidate Research Into Three Sites

This article was originally published in The Pink Sheet Daily

Executive Summary

Following the acquisition of Schering AG, the move will result in the elimination of 600 positions in the U.S. and $210 mil. in annual savings.

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Bayer Schering Pharma SVP-Global Business Development And Licensing Michael Yeomans: An Interview With “The Pink Sheet” DAILY (Part 2 of 2)

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Bayer/Schering Integration Will Result In Elimination Of 1,000 U.S. Jobs

Plans to reduce 6,100 positions worldwide also include 3,150 cuts in Europe and 750 in Asia.

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