Bayer Job Cuts Top 12,000, Part of “Dynamic Shared Ownership” Plan

What’s Happening at Bayer?

Since 2023, Bayer has eliminated more than 12,000 jobs as part of CEO Bill Anderson’s Dynamic Shared Ownership (DSO) plan.

“Savings generated by the headcount reduction were partially offset by two primary factors: higher expenses for group-wide incentive programs as well as expenses relating to our restructuring programs, which remained at an elevated level,” the company wrote in its Q2 half-year financial report.

Bayer’s supervisory board recently rewarded Anderson with a 3-year contract extension — seemingly pleased with the decisions he’s made so far in his tenure.

According to LinkedIn, the company currently employs more than 1,300 Canadians.

• SEE ALSO: Layoffs in Canada: Which Employers are Slashing Staff?

Next Steps for Bayer Employees

If you’re fired or let go from Bayer, understanding your legal rights is crucial.

Non-unionized employees in Canada are entitled to severance pay. This includes individuals working full-time, part-time, or hourly in Ontario, Alberta, and British Columbia (BC).

The amount you’re owed is based on a variety of factors, including your role, tenure, age, and ability to find similar work.

📺 WATCH: Everything Non-Unionized Employees Need to Know About Severance Pay

Key Severance Facts:

• Compensation: Severance packages, which can be as much as 24 months’ pay, may include salary, bonuses, commissions, and other forms of compensation. Use our firm’s free Severance Pay Calculator to better understand your entitlements.
• Deadlines: You generally have up to 2 years from the date of your termination to review and negotiate severance offers.
• Action steps: Consult an employment lawyer at Samfiru Tumarkin LLP to ensure your severance package is fair and aligns with Canadian employment laws.

Lost Your Job at Bayer? Contact Us

If you’ve lost your job at Bayer for any reason, the experienced employment law team at Samfiru Tumarkin LLP can help.

Our lawyers in Ontario, Alberta, and BC have helped tens of thousands of non-unionized individuals resolve their workplace issues.

📞 Call us today at 1-855-821-5900 or request a consultation online.

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.