Ranbaxy Laboratories (RANBAXY.BO) Rumored to Cut One-Third of Global Sales Force, Mainly in U.S.: Source
5/23/2013 6:48:17 AM
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Even as trouble thickens for drug maker Ranbaxy Laboratories, the company is now considering downsizing its global sales force by around a third. A majority of the job cuts would be in the US, it is learnt. “Ranbaxy is planning to lay off field force globally… mainly in the US. The company was contemplating this for some time, especially in view of the issues there. The business has suffered because of regulatory issues through past years. Besides, it also had to incur additional costs to settle those issues,” an industry source told Business Standard. An email query sent to Ranbaxy did not elicit any response. According to a company official who did not wish to be named, Ranbaxy’s current global field force stands at around 14,600, of which 5,000-5,200 are in India.
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