Bayer Schering job cuts

William, Dede; Gibson, Jane
March 2007
ICIS Chemical Business Americas;3/5/2007, Vol. 271 Issue 9, p13
Trade Publication
This article reports that Schering is set to cut 950 jobs at its headquarters in Berlin, Germany by 2009. Werner Wenning, Bayer chairman, said the move is due to the merger between the pharmaceutical activities of Schering and Bayer. Wenning, who is also chairman of Bayer Schering Pharma's supervisory board, said 350 Berlin employees have been offered early retirement or voluntary redundancy with severance pay.


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