Sanofi-Aventis plans to cut about 500 jobs in France in order to offset slowing growth in its home market, according to labour union sources in a Les Echos report.
No compulsory redundancies are expected, and the company will offer early retirement and voluntary departure schemes. Most of the cuts will focus on its sales network, the report said.
Sanofi's sales in France fell 11 pct in the first half of this year, according to the French pharmaceutical association GERS, due to the reduction in the number of drugs reimbursed by the country's social security system, and a general decline in drug consumption.
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