Top News

PICS: Parineeti Chopra – So blessed to finally be Mr. and Mrs!

PICS: Parineeti Chopra – So blessed to finally be Mr. and Mrs!

Imran Riaz Khan has finally returned home

Imran Riaz Khan has finally returned home

Khalil-ur-Rehman-Qmar

Heated Conversation between Khalil Ur Rehman, Miss Pakistan causes discussion

Load More
JKreativ WordPress theme

Popular News

  • Elon Musk says everyone on Twitter (X) will soon have to ‘PAY’

    Elon Musk says everyone on Twitter (X) will soon have to ‘PAY’

    793 shares
    Share 317 Tweet 198
  • Specifications, features and price of Apple iPhone 15 in Dubai

    784 shares
    Share 314 Tweet 196
  • Dunya Group terminates senior journalists

    614 shares
    Share 246 Tweet 154
  • PTA tax on iPhone 15 series variants

    603 shares
    Share 241 Tweet 151
  • Imran Riaz Khan has finally returned home

    597 shares
    Share 239 Tweet 149

Latest News

  • From giving extension to accountability of Gen. (R) Bajwa; Nawaz Sharif’s contradictory narrative creates ‘fuss’
  • Indian father, son seek refuge in Pakistan, citing threats from Hindu extremist
  • Handle iPhone 15 Pro with care, as It cracks easily
  • OGRA asks public not to happy over rumours of decline in petroleum prices
  • Locally produced injections causing blindness
Pakistan Rupee Exchange Rate
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, September 26, 2023
  • Login
Media Bites
  • Home
  • TOP NEWS
  • NEW JOININGS
  • BUSINESS
  • TECHNOLOGY
  • ENTERTAINMENT
  • WORLD
  • MEDIA
  • PAKISTAN
No Result
View All Result
Media Bites
Home BREAKING

Big pharmaceutical closes Pakistan operation

1.4k
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

In light of the economic challenges, Bayer, an international pharmaceutical company, has made the decision to discontinue its operations in Pakistan. The company’s assets have been sold to a local company, making it the second international pharmaceutical company to exit the country recently. In November 2022, Eli Lilly, an American pharmaceutical company, also announced its withdrawal from Pakistan.

Concerned about potential job losses following the departure of another multinational company, employees are seeking assurances of job security and separation packages in line with the company’s global policies.

Bayer’s management has assured employees that their jobs are secure for a minimum of two years under the new local management. Consequently, no requests for severance packages have been made by the employees who will continue their employment.

Local employees of the German multinational staged a protest at the National Press Club, demanding compensation equivalent to 60 to 100 months’ salaries, as per the standard severance practices observed by companies worldwide.

During the protest, the affected employees appealed to the President, Prime Minister, and Chief Justice to address their concerns and ensure the protection of their legitimate rights by the company.

The employees have reached out to decision-makers, urging their intervention to ensure that the company adheres to its policies. They argue that Western countries enforce regulations when companies terminate employees, but developing countries often see these laws disregarded, which they find highly inappropriate.

Share199Tweet124Send
MediaBites

MediaBites

Related Posts

petrol-price-petroleum

OGRA asks public not to happy over rumours of decline in petroleum prices

Following Interim Commerce Minister Gohar Ejaz's recent assertion regarding a potential reduction in petroleum product prices, the Oil and Gas...

Meezan Bank and Daraz collaborate to promote electric bike adoption in Pakistan

Meezan Bank and Daraz collaborate to promote electric bike adoption in Pakistan

Meezan Bank, Pakistan's leading Islamic bank, and Daraz, Pakistan’s largest e-commerce platform, have signed a Memorandum of Understanding (MoU) to...

Dollar-Euro-US

After Dollar decline, Pound, Riyal, Dirham, and Euro prices witness drop

After the decline of the US Dollar, the Euro, Pound, Dirham, and Riyal also experience substantial drops in the open...

petrol-price-petroleum-products

Good News! Decline in Petroleum Prices Expected from October 1

In recent developments, the strengthening of the Rupee has potentially reduced the production costs for oil companies that can cause...

Latest News

  • From giving extension to accountability of Gen. (R) Bajwa; Nawaz Sharif’s contradictory narrative creates ‘fuss’
  • Indian father, son seek refuge in Pakistan, citing threats from Hindu extremist
  • Handle iPhone 15 Pro with care, as It cracks easily
  • OGRA asks public not to happy over rumours of decline in petroleum prices
  • Locally produced injections causing blindness
Pakistan Rupee Exchange Rate
Media Bites

Copyright © 2013 MediaBites.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • TOP NEWS
  • NEW JOININGS
  • BUSINESS
  • TECHNOLOGY
  • ENTERTAINMENT
  • WORLD
  • MEDIA
  • PAKISTAN

Copyright © 2013 MediaBites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In