Louis Goss is a MarketWatch reporter based in London.
Bayer’s new CEO Bill Anderson on Wednesday vowed to “remove multiple layers of management” within the German pharmaceutical giant by the end of 2024 as he outlined plans to split the firm up after declaring that its performance is “not acceptable.”.
The German multinational, which had 101,369 staff on its books in December 2022, saw its pay bill surge to record highs of €12.6 billion last year, as it bolstered its ranks by hiring an extra 1,831 people. Anderson, who previously served as CEO of California biotech company Genentech and as the head of Roche’s pharmaceutical arm, said the management cuts will see “95% of the decision-making in the organization… shift from managers to the people doing the work.”
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
CEO says Bayer is looking into break-up, will cut management jobsCEO says Bayer is looking into break-up, will cut management jobs
Weiterlesen »
CEO says Bayer is looking into break-up, will cut management jobsBayer (BAYGn.DE) said on Wednesday it was looking into splitting off either the diversified group's Consumer Health or Crop Science division, but ruled out a three-way split.
Weiterlesen »
Here’s every concert coming to Red Rocks Amphitheatre in 2024 (so far)This list will be update as new shows are announced for the Morrison venue
Weiterlesen »
world's largest steam engine - to return to Slat Lake City for 2024 tourBig Boy No. 4014 - the world's largest steam engine train - is set to make a return to Slat Lake City in 2024.Authorities of Union Pacific announced that Big B
Weiterlesen »
Slack CEO Lidiane Jones Will Replace Whitney Wolfe Herd as Bumble CEOThe dating-app founder who marketed her product toward women will be replaced by Lidiane Jones, the Slack chief executive
Weiterlesen »
2024 Polestar 2 Adds 'Give It Back After Five Months' Lease Deal From $349 A MonthThe Polestar 2 flexible lease deal in the U.S. starts from $349 a month and includes a $8,500 Clean Vehicle credit in addition to local EV incentives.
Weiterlesen »