Please login to the form below

Not currently logged in
Email:
Password:

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

Share

Featured jobs

Subscribe to our email news alerts

PMHub

Add my company
Grace Communications

Grace Communications is an award winning, independent, full service, creative communications agency specialising in solving problems for healthcare brands....

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