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Bayer needed some good news after dealing with two years of lawsuits after acquiring Monsanto. However, bad decisions in life always seem to snowball out of control as the pharmaceutical giant now has to deal with the coronavirus.
The company was forwarded information earlier this week that one of their employees at the Bayer facility in Creve Coeur, MO has contracted COVID-19. To be on the safe side, Bayer has temporarily closed the Creve Coeur facility along with another one of their sites in downtown St. Louis. As further precaution, Bayer is also temporarily shutting down their buildings in Whippany, NJ and Morristown, NJ.
Being that Bayer’s profit margin will be ripped to shreds this year, having four facilities shut down will increase the losses on their balance sheet.
Thanks for the continued updates.
You are welcome. It is so surprising to see a company that is so well-established go down so quickly. It feels like when KMart and Sears started closing stores
This vendetta is simply unhealthy and all-consuming.
It will be over soon. Then, I’ll be OK
I don’t know why Bayer rallied to American marketers and took his name …In Europe is a recognized and respected pharmaceutical company
Bayer became too greedy and bought Monsanto. Bayer has lost $63 billion in market value in only two years. Bayer will always do great in Europe because the EU bans pesticides.
Bayern has a lot of money, we should not be sad for them.
I’m not sad for them. What if Bayer Leverkusen has to change their name?
Why will it happen???