Skip to content
Breaking News

Breaking News

  • Home
  • World
  • Business
  • Health
  • Entertainment
  • Life Style
  • Sports
  • Toggle search form

Bayer’s new CEO plans to cut management jobs in prelude to overhaul | Reuters News Agency

Posted on September 15, 2023 By Admin No Comments on Bayer’s new CEO plans to cut management jobs in prelude to overhaul | Reuters News Agency


Business & FinanceHealth

15 September 2023, 1:53 pm 1 minute

Reuters exclusively reported that Bayer’s (BAYGn.DE) new CEO plans to cut management jobs to speed up decision-making as a first step to overhaul the embattled German industrial group, which is facing investor pressure to break up. 

Market Impact

Anderson has been tasked with reviving Bayer’s share price, which has underperformed rivals, weighed down by the lingering costs of U.S. weedkiller litigation. Anderson said last month he was not ruling out any options as part of his review of the company’s strategy and structure, saying he was “leaving no stone unturned”. The company said in an unscheduled statement last month that it was projecting a steeper fall in earnings and zero free cash flow, in what some analysts suggested was Anderson seeking to get bad news out quickly to allow for a fresh start. 

Article Tags

Topics of Interest: Business & FinanceHealth

Type: Reuters Best

Sectors: Business & FinancePharmaceuticals & Healthcare

Regions: Europe

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story



Source link

Health

Post navigation

Previous Post: Colombian elected officials charging millions on packages to guide migrants toward US border, report says
Next Post: Hugh Jackman and Deborra-Lee Furness announce their separation after 27 years of marriage

More Related Articles

Excessive Screen Time In Childhood May Increase ADHD, Autism Risk: Study Health
Lori and George Schappell, Long-Surviving Conjoined Twins, Die at 62 Health
How to treat headaches with traditional chinese medicine – SUCH TV Health
Measles vaccines given long ago could be less effective now, doctors say Health
Insomnia, lack of sleep linked to high blood pressure in teens – SUCH TV Health
Most common signs of autism in children – SUCH TV Health

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Hulu and Disney+ will be combined into one app starting next year, Disney says
  • Pandemia: Latinos in Crisis
  • Messi ruled out of Miami’s Leagues Cup clash with Pumas
  • The new talking therapy that can help reduce back pain for up to three years
  • Airtel Q1FY26 Results: Telecom’s Net Profit Up 43% To Rs 5,948 Cr

Categories

  • Business
  • Entertainment
  • Health
  • Life Style
  • Sports
  • World

Copyright © 2025 Breaking News.

Powered by PressBook Blog WordPress theme