Bayer warns EC: Don’t force us to slash jobs in EU
Held was speaking at a conference hosted by the Association for Financial Markets in Europe to discuss the future of the FX market and impending regulation, in Brussels on January 12.
Currency hedging represents a crucial part of the company’s operations, with production taking place in Europe and distribution global. If forced into standardised contracts via mandated clearing in Europe, Held said the company would have to move production out of Europe to those countries where it is selling.
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