Roche to cut 780 positions

19th January 2009, Comments 0 comments

The Swiss pharmaceutical company plans to cut jobs through 2012.

BASEL - Swiss pharmaceutical giant Roche Holding AG plans to cut 780 positions through 2011 or 2012, a spokeswoman said Friday,

Martina Rupp said the figure cited Thursday by Chief Financial Officer Erich Hunziker was not an exposure of new job cuts, but represented a "consolidated figure" of changes already announced in 2008.

She said some affected staff may be transferred or retained in other capacities.

Rupp cited changes in the company's drug manufacturing business as the main reason, and noted the planned closing of a production site in Nutley, New Jersey.

[AP / Expatica]

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