Concern Bayer is closing its plant in Germany – in Frankfurt am Main. This is reported by the newspaper Die Welt.
“For the first time (!) it was the German plant of Bayer that went under the knife. Due to high competition with Asian companies and a tough price war, the pharmaceutical and agrochemical giant now wants to pay more attention to “strategic and innovative technologies”. Therefore, it is saying goodbye to the plant in the Frankfurt-Hoechst industrial park and 500 employees.”
In addition, another 200 jobs are to be cut in Dormagen.
Bayer promises that some of the employees will be transferred to another company after the sale of the company, some will be transferred to other production sites, and some won’t be so lucky.
Bayer’s plans “represent a turning point in the group’s 162-year history and contradict its stated commitment to Germany,” according to opponents of the closure.
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