Bayer workers get extra €700m as reward for good 2012

05 March 2013 18:50  [Source: ICIS news]

LONDON (ICIS)--Bayer is paying workers worldwide an additional €700m ($909m) as reward for a good 2012 performance, the Germany-based chemicals and pharmaceuticals major said on Tuesday.

Bayer workers in Germany will get €360m of the total, up from €300m out of a total reward of €600m for 2011 under the company's profit sharing scheme, it said.

The company will pay out the money as part of workers’ April salary.

Last week, Bayer reported full-year 2012 earnings before interest, tax, depreciation and amortisation (EBITDA) before special items up by 8.8% to €8.28bn.

($1 = €0.77)

By: Stefan Baumgarten
+1 713 525 2653

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