News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Roche (RHHBY) CEO Rules Out Additional Big Job Cuts, Eyes Smaller Deals



6/11/2012 7:00:12 AM

The chief executive of Swiss pharmaceuticals company Roche Holding AG said it has ruled out another major cost-savings program and further talks with U.S. gene testing company Illumina Inc. The Basel company has almost completed a reduction of 4,800 positions globally it announced in 2010 and wasn't planning any more cutbacks of that scale, Severin Schwan tells Swiss newspaper Der Sonntag in an interview published Sunday. "According to my estimates today, I will have a stable workforce in Europe," he said. "This is also true for Switzerland." Jobs would be created above all outside Europe, he added, with the biggest expansion in Asia and Latin America.

Read at Market Watch
Read at Nasdaq
Read at Fox News
Read at Reuters


comments powered by Disqus
 
 

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES