POST Online Media Lite Edition


Sanofi plans 670 job cuts in France

Staff Writer |
Sanofi told unions it was planning to cut 670 jobs in France, a union representative told Reuters.

The plan, which is to be set on a voluntary basis, would affect human resources, IT, and finances among others, Thierry Bodin, with the CGT union said. In addition, 80 IT jobs are to be outsourced, he said.

"This is a terrible loss of expertise. It will have consequences in terms of efficiency," Bodin said.

Sanofi had said in September it would continue to implement cost savings after having reached a 1.5 billion euros (S$2.3 billion) cost reduction target a year ahead of expectations.

What to read next

Sanofi to buy vaccines biotech group Protein Sciences for $650m, maybe more
Sanofi in talks to sell generics arm to Advent for $2.4 billion
Sanofi buys Ablynx for $4.8 billion