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

Featured jobs

Subscribe to our email news alerts

PMHub

Add my company
Solaris Health

The beauty of detail: an effective, compelling medical communications campaign requires each component to be carefully planned, expertly crafted and...

Latest intelligence

patients
Retaining reader value in plain language summaries of clinical studies
Balancing the risk of misinterpretation with the public’s ability to understand simplified plain-language summaries...
Can we talk about the ego-bias and chemicals influencing your target audience’s behaviour?
Over the Summer, the Page & Page team became fascinated by two books on this very subject. Two books from one author, Dean Burnett, an eminent neuroscientist, lecturing at Cardiff...
Paris
Making Europe a leader in bioscience: boosting trust and opening minds
A vision of Paris as Europe’s leading hub for life sciences innovation...

Infographics