Wednesday, November 17, 2010

"Operational Excellence Program": Swiss drug maker Roche to cut 4,800 jobs over 2 years as part of plan to save $2.4 billion - OrlandoSentinel.com

U.S. locations will be hit hardest by Roche's "Operational Excellence Program," with some 3,550 jobs cut or moved elsewhere. Sites in Florence, South Carolina; Boulder, Colorado; Nutley, New Jersey; Madison, Wisconsin; and Vacaville, South San Francisco and Oceanside in California will be affected, the company said.

Roche will also cut or transfer 770 jobs in Switzerland, 1,300 in other European countries and 680 in the rest of the world.

"These measures are necessary to ensure sustained success of the company," said Roche's Chief Executive, Severin Schwan. "We will make every effort to find socially responsible solutions for the employees affected."

Posted via email from Jack's posterous

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