Bayer Weighs Structural Changes But Rules Out Three-Way Split

Bayer Chief Executive Bill Anderson said he is looking at options to overhaul the company’s structure and remove multiple layers of management in a move that will result in significant job cuts, but ruled out splitting the group into three businesses.

Anderson, who took the helm of the German pharmaceutical and agricultural conglomerate from Werner Baumann in June, said he had engaged a team of advisors to look at various structural options, including the separation of either its crop science or consumer health divisions.