Overview

• Under a works council agreement, Bayer will phase out its Frankfurt-Höchst agrochemical site by 2028.
• The deal secures operational guarantees for all other German plants through at least 2030.
• Approximately 500 Frankfurt employees will receive severance packages and relocation support under a social plan.
• Bayer has cut around 11,000 jobs since 2024 and trimmed its workforce to roughly 93,000 by the end of 2024.
• Mounting glyphosate lawsuit liabilities in the U.S. and weak crop-protection markets have driven the company's broader cost-cutting strategy.