Pharmaceuticals giant Bayer to cut 4,500 jobs in Germany

Pharma and chemicals giant Bayer says it is cutting 4,500 jobs in its home market of Germany.

Bayer said Tuesday that the positions are part of 12,000 job cuts around announced last year. The company currently has about 32,100 employees in Germany.

Bayer is fighting the fallout from lawsuits over the alleged carcinogenic effects of Roundup, a weed killer it acquired with the purchase of American agrochemicals rival Monsanto. Bayer says that scientific evidence shows the product is safe and regulators have supported that conclusion.