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FRANKFURT (Reuters) - Bayer’s (BAYGn.DE) chief executive is considering farming out certain drug research activities to cut costs amid slower growth at its pharmaceuticals division, the German company’s works council said on Monday. The works council cited CEO Werner Baumann as he spoke to staff at a gathering at the group’s Leverkusen headquarters on Sept 28. Reuters reported last month that considerable restructuring efforts at drug research and development, including outsourcing, were underway.

“Werner Baumann spoke about the prospect of weaker growth at the pharmaceutical business and mentioned considerations that some expenditures on pharma research could be outsourced,” the works council said in a statement, A person familiar with typewriter "o" key cufflinks the company told Reuters last month that Bayer, which bought Monsanto for $63 billion this year, is considering job cuts and outsourcing as part of a wide-ranging review of drug research and development that will last until at least November, The savings that Bayer - the inventor of aspirin and maker of Yasmin birth control pills - could make as part of the overhaul would give it financial wiggle room as it competes with larger rivals to buy the right to promising treatments from biotech firms..

SEOUL (Reuters) - Korean Air Lines Co Ltd (003490.KS) Chairman Cho Yang-ho was indicted on Monday on charges including embezzlement and breach of trust, South Korean prosecutors said, adding to a string of woes at the country’s biggest airline group. Cho is the latest head of a big business group, or chaebol, to face legal challenges in South Korea since President Moon Jae-in took office in 2017 with a pledge to curb the excessive power of family-owned conglomerates and improve their governance.

Earlier this month, an appeals court found the chairman of retail-to-chemicals conglomerate Lotte Group, Shin Dong-bin, guilty of charges including bribery and breach of trust for his role in an influence-peddling scandal typewriter "o" key cufflinks that led to the ouster of the country’s former president, Park Geun-hye, Samsung Group’s de facto leader Jay Y, Lee was also convicted of corruption in the same bribery scandal, Both Lee and Shin are currently awaiting rulings from the country’s top court after their jail terms were suspended by a lower court..

A Seoul prosecutors’ office on Monday said Cho took 19.6 billion won ($17 million) commission from 2003 through 2018 by setting up a trading company to broker aircraft equipment and in-flight duty-free goods purchase deals for Korean Air, causing the same amount of loss to the airline. Korean Air declined to comment and did not make Cho available for comment. Also on Monday, Emily Cho, the chairman’s youngest daughter, was cleared of all charges related to her allegedly throwing a drink at two business meeting attendees in April, because the attendees did not want to press charges, the Seoul Southern District Prosecutors’ office said.

That incident re-ignited public resentment toward the perceived unchecked behavior of some chaebol family members, leading to investigations of alleged wrongdoing by other family members, Chairman Cho’s elder daughter, Heather Cho, was jailed in 2014 for demanding a Korean Air Lines plane return to its gate at a New York airport due to the way she was served nuts in first class, Shares in Korean Air fell 0.6 percent on Monday, while its parent Hanjin Kal Corp (180640.KS), in which chairman Cho has a 17.84 percent stake, typewriter "o" key cufflinks lost 2 percent..

CHENNAI/NEW DELHI (Reuters) - Labor unrest is on the rise at two centers in India where motorcycles and components are manufactured, underlining the problems Prime Minister Narendra Modi’s government faces in creating new manufacturing jobs that are sustainable and pay attractive wages. Motorbike makers, such as Japan’s Yamaha (7272.T), and India’s Eicher Motors (EICH.NS) - maker of the iconic Royal Enfield motorcycles - have been hit hard by walkouts, although major carmakers have been largely unscathed.

The workers are mainly demanding higher pay and job security, particularly by getting employers to reduce the use of contract labor, who are paid less than permanent employees and can often be fired at will, Modi, who has to call elections by May next year, has promised to create new jobs by boosting manufacturing in Asia’s third-largest economy, but typewriter "o" key cufflinks has failed to match aspirations despite rapid overall economic growth, Those who have jobs feel left out of the growth story because of lagging wages..

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