Roche cuts 4,800 jobs over price pressure and product setbacks

first_imgWednesday 17 November 2010 8:17 pm SWISS pharmaceutical firm Roche announced it would be cutting 4,800 jobs worldwide, or about six per cent of its workforce, over the next two years as part of a wide-ranging restructuring programme forced on it by price pressures. Most of the planned job cuts will be in its pharma unit, particularly in the sales and marketing divisions, as well as in manufacturing after the setback of diabetes medicine taspoglutide being delayed. A further 1,500 jobs will be transferred to other locations within the firm, or outsourced. Roche said it would hack Sfr2.4bn ($2.4bn ) from annual costs from 2012 onwards, with Sfr1.8bn of savings expected next year. It expects restructuring costs will amount to Sfr2.7bn from 2010 through to 2012. Show Comments ▼ KCS-content whatsapp Sharecenter_img Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesWolf & ShepherdNFL Star Rob Gronkowski Loves These ShoesWolf & ShepherdLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver Healthmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comCompressaWhy Physical Therapists Are Recommending This Knee SleeveCompressa whatsapp Roche cuts 4,800 jobs over price pressure and product setbacks Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wraplast_img

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