Please login to the form below

Not currently logged in

Roche cuts 6 per cent of its workforce

Swiss drug manufacturer, Roche, has announced that it will cut 4,800 jobs, or 6 per cent of its workforce, during 2011 and 2012

Roche has announced that it will cut 4,800 jobs, or 6 per cent of its workforce, during 2011 and 2012.

The company stated that the reductions have come as a result of "increased price pressures and a more challenging market environment".

The cuts will mainly affect positions in sales, marketing and manufacturing and be predominantly in the US, although Switzerland will also be affected.

It is estimated that this move by Roche will save the company CHF2.4bn (US$2.4bn), despite CHF2.7bn restructuring costs.

Analysts have said they were not surprised by this outcome. Last month Roche announced that sales for the July to September period had fallen by 7 per cent, and pipeline drugs for breast cancer and diabetes are experiencing delays.

17th November 2010


Featured jobs

Subscribe to our email news alerts


Add my company
Streaming Well

Streaming Well is a healthcare focused, award-winning video production company which operates in the US and Europe....

Latest intelligence

Is China ready for a pharmaceutical gold rush?
Some describe doing business in China as akin to the 1990s internet boom – so how stable is its future?...
AstraZeneca’s oncology renaissance
Susan Galbraith played a key role in restoring AstraZeneca’s place in cancer drug development – she talks about the future of oncology and why there’s more to be done to...
Navigating the antibiotic resistance crisis
Blue Latitude Health speaks to Tara DeBoer, PhD, Postdoctoral Researcher and CEO of BioAmp Diagnostics to explore the antimicrobial resistance crisis, and learn how a simple tool could support physicians...