Roche to cut 4,800 jobs in global restructuring plan

Thursday, December 2, 2010 11:18 AM

After absorbing Genentech, Swiss pharma giant Roche has announced its cost-cutting plans, much of which will take place in manufacturing and sales. But there will also be some significant trimming in R&D.

Roche said it will end RNA interference research in Kulmbach, Germany, Nutley, N.J., and Madison, W.I. In the product development group, Roche said only that "certain product development activities are expected to be discontinued or transferred—most of them from the U.S.—to other Roche sites or third parties to improve overall productivity. Roughly 800 positions will be affected by the planned reductions or transfers."

Roche will cut about 4,800 workers overall or about 6% of the Groups current workforce of approximately 82,000 employees, with a couple thousand more facing transfers to new locations. About 600 jobs will be cut or transferred in R&D with 640 more at stake in the company's growing diagnostics division. Company officials said the restructuring—originally announced in September—will take two years to complete. CEO Severin Schwan said Roche is taking measures to increase productivity in R&D, and would continue to look for small and medium-sized acquisitions to add to the 90 compounds in its pipeline.

Share:          
CLINICAL TRIAL RESOURCES

Search:

NEWS ONLINE ARCHIVE

Browse by:

CWWeekly

November 24

Tufts CSDD’s $2.6 billion price tag to develop and bring a new drug to market raises questions, criticisms

Medidata joins GlaxoSmithKline in study to evaluate the impact of wearing mobile devices in clinical trials

Already a subscriber?
Log in to your digital subscription.

Subscribe to CWWeekly.

The CenterWatch Monthly

November

Private equity driving dynamic CRO growth
Enables CROs to pursue long-term strategies, while giving the space credibility

Baby boomers poised to reshape clinical trials industry
Millions of tech-savvy consumers already track their health, expect new treatments as they age

Already a subscriber?
Log in to your digital subscription.

Purchase the September issue.

Subscribe to
The CenterWatch Monthly.

The CenterWatch Monthly

October

CROs driving changes in patient recruitment
Data- and tech-aided enrollment services a competitive advantage

Trials with in-home nurses poised to grow
Higher expense, but may improve recruitment and retention for select trials

Already a subscriber?
Log in to your digital subscription.

Purchase the October issue.

Subscribe to
The CenterWatch Monthly.

JobWatch centerwatch.com/jobwatch

Featured Jobs