Share

Pharmaceutical giant slashes jobs

Zurich - Swiss pharmaceutical giant Roche on Wednesday announced it was shedding 4 800 jobs worldwide as part of a cost-cutting programme, amounting to around 6% of its workforce.

As well as the job losses, it said it was transferring another 800 posts from its Swiss headquarters to other parts of the group and outsourcing another 700 jobs.

In total, 6 300 jobs are affected by the cost-cutting exercise which Roche first announced in September and hopes will generate 1.8 billion Swiss francs (€1.3bn) of savings next year and 2.4 billion from 2012.

The restructuring will cost around 2.7 billion.

The pharmaceutical giant, which makes drugs such as flu medication Tamiflu, currently employs 80 000 people.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.89
+0.2%
Rand - Pound
23.84
+0.2%
Rand - Euro
20.36
+0.4%
Rand - Aus dollar
12.31
+0.3%
Rand - Yen
0.12
+0.2%
Platinum
908.05
0.0%
Palladium
1,014.94
0.0%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders