Bayer's German sites back to full work schedule
EUROPEAN PLASTICS NEWS
LEVERKUSEN, GERMANY (October 15, 2009) -- Bayer MaterialScience AG says it will bring the reduced hours work plan at its German sites to an end on Nov. 1, putting some 4,100 workers back on full
salary.
Earlier this year, the Bayer AG unit had implemented shorter working hours to combat the effects of the financial crisis. More than 4,000 employees consequently had their pay reduced by 6.7
percent.
Thomas de Win, chairman of Bayer’s Central Works Council, says the firm put workers back on full time hours because of an improvement in orders. However, he added: “The future business
development of our customer industries still remains uncertain.â€
In August, Leverkusen-based BMS had announced second quarter profits that were much weaker than the corresponding quarter in 2008.
Sales dropped 36.4 percent to 1.8 billion euros (18.3 billion yuan), as demand for polyurethanes and polycarbonates fell. Polycarbonates demonstrated the biggest drop -- 34.8 percent -- while sales
from industrial operations were the least affected, falling 13.6 percent.
All regions experienced a loss in sales, although Europe was the worst affected (-38.9 percent), followed by Latin America, Africa and the Middle East (-30.8 percent), North America (-29.5 percent)
and Asia Pacific (-23 percent).
[ Back | Top ]
