AM I NEXT? NO LOVE AT BAYER - MASS LAYOFFS

Am I Next? Major restructuring at Bayer AG — Mass Layoffs.

UPDATE: OCTOBER 17, 2019 — MASS LAYOFF IN ROBINSON TOWNSHIP, PENNSYLVANIA

The company has announced that it will be permanently laying off 487 employees by the end of December, 2019 when as it continues a planned two-year permanent closure of its Robinson, Pennsylvania site that previously served as the company;s North American headquarters.

A company spokesperson has noted, “As we also said previously, Bayer is making this move to remain competitive and successful in the marketplace. These job reductions will ensure that we appropriately meet the current and future needs of our customers and businesses for years to come."

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Werner Baumann, Chairman of the Board of Management of Bayer AG, announced that approximately 12,000 Bayer employees will be laid off worldwide in addition to exiting Bayer’s Animal Health business, divesting the company’s Consumer Health brands Coppertone (tanning and skincare) and Dr. Scholl’s (foot care), and selling its 60-percent interest in Currenta, a site services provider in Germany.

In the expected corporate-speak, Baumann noted, “We have made very good progress with Bayer’s strategic development in recent years. As we now proceed with these measures, we are laying the foundation to sustainably enhance Bayer’s performance and profitability. With these measures, we are positioning Bayer optimally for the future as a life science company. These changes are necessary and lay the foundation for Bayer to enhance its performance and agility. With these measures, we aim to take full advantage of the growth potential for our businesses. We are aware of the gravity of these decisions for our employees. As in the past, we will implement the planned measures in a fair and responsible way.”

It is anticipated that most of the job losses will occur in Germany and those employees most at risk will have middle-management roles or those supporting merged (e.g. Monsanto) or eliminated operations.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?