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Novartis AG (NVS) to Keep Swiss Plant, Scale Back Other Job Cuts


1/18/2012 6:42:36 AM

Novartis has said it will not close down a plant in Switzerland that had been due for closure, and has also reduced planned staff cuts at a facility in Basel after negotiations with trade unions, staff and local authorities. Last year, Novartis caused consternation in Switzerland when it announced 760 job cuts at a chemicals site in Basel and the closure of an over-the-counter medicines manufacturing facility in Nyon with the loss of another 320 positions. The decision prompted protests in the streets of Basel, as well as outside the home of Novartis chairman Daniel Vasella, as well as strike action and a petition against the closure which attracted more than 16,000 signatures.

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