Reuters Agency reveals possible cuts at Bayer

Bill Anderson (in the photo), CEO of Bayer, intends to cut management positions. The measure aims to speed up decision-making and reshape the German company. The industrial group faces pressure to break up. The initial cut plans will be presented at an internal meeting. The strategy will affect middle and top management. Details are confidential. The information was released today by the Reuters Agency.

According to agency sources, Anderson is expected to present initial plans for cuts at an internal strategy meeting. The measures would reach the middle and upper layers of management. The number of jobs affected and the timing of the announcement are not known.

McKinsey consultancy was hired. Oliver Kohlhaas, the group's head of strategy, has left. He will not be replaced. Other changes have not been confirmed. Bayer declined to comment.

“Excessive litigation, corporate bureaucracy, debt levels all weigh on our ability to focus on the mission,” Anderson said in August.