Sanofi (France) (SAN.PA) to Lay Off 100 Montreal Workers
1/12/2012 7:17:16 AM
Quebec continues to pile up job losses in small increments. French pharmaceutical giant Sanofi SA is the latest company to scale down its operations in the province, announcing on Wednesday that it will lay off 100 people at its Canadian arm as it realigns expenses with projected revenues. The job cuts, which represent about 6% of its Canadian staff, affect mostly workers in the Montreal area. Sanofi said it is restructuring its entire business in Canada in an effort to create a leaner and more simplified organization in the face of several wider continental events, notably patent expiries and regulatory pressures. The company employs 1,700 employees in Canada in all, most of them concentrated in the Montreal and Toronto regions.