Thursday, November 07, 2013

Shire to cut UK research jobs says source

Rumours are growing that Shire will be cutting dozens of research posts at its R&D centre in Basingstoke, Hampshire.

This is according to a source speaking to the Financial Times, who says the Irish-based firm is poised to announce a restructuring programme that will include cutting dozens of research jobs at its headquarters in Basingstoke.

The company’s board has reportedly been discussing ‘substantial cuts’ among its 170 research scientists in the Hampshire town, and a shift in its Swiss office from Nyon to Zug and a refocussing of US operations close to Boston.

In all the Basingstoke unit employs around 500 staff and is also where the company was founded more than 30 years ago.

One person who knows the company well told the Financial Times: “Shire was born in Basingstoke. This is a real abandonment of its roots. Consolidation in Europe was inevitable and logical, but I was hoping that would mean boosting Basingstoke.”

The firm was not immediately available for comment.

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