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Thou­sands of lay­offs planned as part of No­var­tis re­struc­tur­ing — re­port

No­var­tis’ sweep­ing re­struc­tur­ing will re­port­ed­ly lead to thou­sands of job cuts world­wide, in­clud­ing a “three-dig­it num­ber” in its home of Switzer­land.

Swiss news­pa­per Tages-Anzeiger first re­port­ed the plans, cit­ing un­named sources. In re­sponse to a query from End­points News, a No­var­tis spokesper­son said roles will “in­evitably” be im­pact­ed but de­clined to dis­cuss num­bers.

The new or­ga­ni­za­tion­al struc­ture which we an­nounced last week is cen­tral to our growth strat­e­gy as it will make us more ag­ile and com­pet­i­tive, en­hance pa­tient and cus­tomer ori­en­ta­tion, un­lock sig­nif­i­cant po­ten­tial in our R&D pipeline and dri­ve val­ue cre­ation through op­er­a­tional ef­fi­cien­cies. These ef­fi­cien­cies will come through lean­er struc­tures and will in­evitably lead to roles be­ing im­pact­ed.

Endpoints News

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Alexandria Real Estate Equities

San Diego, CA, USA