Please login to the form below

Not currently logged in
Email:
Password:

AZ announces further job cuts

Anglo-Swedish pharma company AstraZeneca (AZ) is planning on cutting a further 4,300 jobs by 2010 in order to cut costs as it aims to make annual savings of USD900m (GBP440m).

Anglo-Swedish pharma company AstraZeneca (AZ) is planning on cutting a further 4,300 jobs by 2010 in order to cut costs as it aims to make annual savings of USD900m (GBP440m).

The company announced 3,000 job cuts in February, and another 300 marketing job cuts in May.

Around 1,800 jobs will go in European sales and marketing, another 1,800 to go in business infrastructure, and 700 roles to go in R&D.

Total restructuring costs are expected to amount to USD1.6bn.

The firm has suffered several high profile late-stage drug failures in the last year, with a stroke treatment failing in trials in January, heart drug AGI-1067 failing in March, and news that results for its blockbuster Crestor have been mixed.

27th July 2007

Share

COVID-19 Updates and Daily News

Featured jobs

PMHub

Add my company
Lucid Group Communications Limited

WE’RE ON A MISSION To transform lives through communication that changes behaviour and improves health outcomes....

Latest intelligence

Numbers, navigation, and narratives: digital storytelling in medical communications
Science and storytelling aren’t often seen as compatible. One is based on cold, hard facts, while the other is synonymous with improvisation and theater. However, when done well, storytelling can...
Is this common data mistake killing your digital patient recruitment?
Without realising, you could be falling into the trap of using social data — insights into recent, relevant trends and topics — to inspire your content. Hold up. That sounds...
Stick or Twist? Healthcare brands in a (post) COVID-19 world
...