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| Economy |
| Roche dismisses 4,800 workers |
| 2010-11-18 |
| (KUNA) -- The Swiss pharmaceutical group Roche announced on Wednesday its "implementation plans" include reducing the work force by 4,800 positions worldwide, or six per cent of the Group's current work force, over the next two years. "The largest reductions are planned in sales and marketing and in manufacturing. Approximately 800 jobs would be transferred to other Roche sites and 700 positions outsourced to third parties. Combination of planned job reductions and transfers affect 6,300 positions overall," said the Swiss pharmaceutical group in its blurb. "Measures aim to strengthen innovation and ensure sustained success in a fast changing market environment," it added. Most of the planned job reductions will occur in the Pharmaceuticals Division, particularly in the division's global sales and marketing organisation and in manufacturing. The company named its measures as "Operational Excellence Program" and is aimed "at adapting cost structures to an increasingly challenging market environment and achieving significant efficiency and productivity gains." |
| Posted by:Fred |
| #1 The company named its measures as FIFY |
| Posted by: no mo uro 2010-11-18 05:48 |