Bayer announced plans to invest its resources "more systematically" and make major investments in its pipeline, marketing and emerging markets. The move will include a planned net reduction of about 2000 jobs worldwide by the end of 2012, and annual savings of 800 million euros from 2013.
Reference Articles
Bayer to cut jobs in 1 billion euro restructuring plan - (ABC News)
Bayer focuses resources on growth and innovation - (Bayer)
Rotstift bei Bayer: Tausende Stellen fallen WEG - (Handelsblatt)
Germany's Bayer AG to cut 4,500 jobs by 2012 - (MSN Money)
Bayer announces savings plan and job cuts for coming years - (NASDAQ)
**Published in "First Word"
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