Bayer CEO reorganizes structure by cutting 70% of management roles
- 1Bayer CEO Bill Anderson reduced the number of management positions from approximately 16,000 to 4,500.
- 2Bayer announced a $2.2 billion investment plan for a new manufacturing facility in Ohio last week.
- 3Bayer's stock price has recorded a 57% increase over the past year.
So what's the key point?
Bayer's CEO has significantly reduced management staff to around 4,500 people. While restructuring the organization, the company is also investing $2.2 billion in a new factory.
Source Fortune · View original ↗
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