Bayer
An implant called Essure by Bayer is the only product offering women an alternative to surgical sterilization, but thousands of complaints from women who have the device prompted the FDA to re-examine its safety. Reuters/Fabrizio Bensch

Following the reduction of the number of members on its management board, Bayer (BAYRY) will now initiate layoffs at its customer logistic service center in Mishawaka, Indiana, according to its WARN letter. The layoffs will reportedly affect about 172 employees.

The German-based pharmaceutical company first announced that it would be permanently closing the customer logistics service center in February, formally filing its WARN notice of layoffs on Sept. 4, Inside Indiana Business reported.

Layoffs for the company are expected to begin on Nov. 8 with employees receiving a 60-day notice of their termination. Bayer did say in its WARN letter that some employees would be offered the opportunity to relocate to its operations in Missouri and New Jersey.

Bayer has plans to reportedly permanently close the Mishawaka location, which was also previously announced by the company and was said to take 18 months to complete. The service center served as a customer order taking location for Bayer’s Consumer Health and Pharmaceuticals business, according to the news outlet.

Shares of Bayer stock were down 1.29 percent as of 11:41 a.m. ET on Thursday.

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