Berlin — German chemical and pharmaceutical giant Bayer said on Thursday it would slash 12,000 jobs in a major restructuring following the mammoth takeover of Monsanto, enabling it to save €2.6bn a year from 2022.
Berlin — Bayer CEO Werner Baumann said the company is "fully committed" to integrating recent acquisition Monsanto, despite a $289m jury award and a rising wave of lawsuits seeking to link its weed-killer Roundup with cancer.
When the bartender lines up shot glasses in the snug bar at Oaklands Country Manor, you suspect things may get a little hectic. But the pale brown shooter contains no alcohol — it is a pungent mix of garlic, ginger and chilli.
Shares of Bayer plunged by the most in almost seven years on concern about the potential costs of a protracted legal battle over Roundup weed killer, the cornerstone product of newly acquired Monsanto.
Berlin — Monsanto’s German owners insisted on Saturday that weedkiller Roundup was "safe", rejecting a California jury’s decision to order the chemical giant to pay nearly $290m for failing to warn a dying groundskeeper that it might cause cancer.