« Return to News | R&D Trends | Drug Sponsors

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

December 17

Medici Global says its Alzheimer's Facebook page demonstrates the need for more early detection trials

Analysts: Expect more equity purchases of CROs in 2013

Already a subscriber?
Log in to your digital subscription.

Subscribe to CWWeekly.

The CenterWatch Monthly

January 2013

Parexel celebrates 30 years of change, growth
CRO's founder and chairman reflects on challenges of the past, present and future

Strategies for increasing patient diversity in trials
Sponsors look to improve racial, ethnic recruitment without going overseas

Already a subscriber?
Log in to your digital subscription.

Purchase the January issue.

Subscribe to The CenterWatch Monthly.

December 2012

Publicity, regulation tightening reins on use of KOLs
Debate rages over need to revamp how sponsors use, pay medical experts

Time may be right to makeover the investigator brochure
Size, complexity prevent critical document from being thoroughly read

Already a subscriber?
Log in to your digital subscription.

Purchase the December issue.

Subscribe to The CenterWatch Monthly.

JobWatch centerwatch.com/jobwatch

Featured Jobs

More Jobs

 

Copyright © 1995-2013 CenterWatch.