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General Motors headquarters, Detroit.

On Thursday afternoon, Bayer announced a large-scale restructuring that will result in 12,000 layoffs, a “significant number” of which will occur in Germany, where the multinational pharmaceutical and life sciences giant is headquartered, according to news reports.

Kristen Rasmussen

Kristen Rasmussen is an Atlanta-based reporter who covers corporate legal departments and in-house attorneys, Georgia government and health care.

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