Thursday, July 05, 2012

Zut Alors!

Sanofi to cut 1,000-2,000 jobs in France: Le Figaro

PARIS (Reuters) - Drugmaker Sanofi plans to cut 1,000 to 2,000 jobs in France, according to French daily Le Figaro, the latest in a series of cost-cutting moves at the company, some of whose key drugs face increased competition from generic rivals.

The jobs targeted will be in the areas of research, the manufacturing operations of the company's Pasteur vaccines unit and certain support operations at Sanofi's headquarters, the newspaper said in a pre-released story from its Thursday edition, citing unnamed sources.

A Sanofi spokesman declined to comment on the report but confirmed that a meeting with the company's works council was due to take place on Thursday, when employment perspectives in France would be discussed.

In September, Sanofi disclosed plans to shrink its R&D headcount to 10,000 from 13,000 -- excluding Genzyme, the maker of drugs for rare genetic disorders, which it bought earlier this year.

Sanofi had already cut 4,000 French jobs between 2009 and 2011, Le Figaro reported.,0,299885.story

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