Sanofi (France) (SAN.PA) to Spare Toulouse in Restructuring - Minister
10/11/2012 8:56:29 AM
French drug maker Sanofi has dropped plans to exit its research laboratory in the southern town of Toulouse as part of a reorganisation of its French research operations, Industry Minister Arnaud Montebourg said on Wednesday. "Sanofi has said the Toulouse centre is not part of its restructuring plan anymore, except for infectious disease research and some support functions," Montebourg told reporters. Sanofi was not immediately available for comment. The company last month scaled back planned layoffs under pressure from the French government, which has been struggling to contain a burgeoning unemployment rate. Sanofi said it planned to shed around 900 jobs in France in the next three years, fewer than the 2,500 predicted in July by trade unions, as part of a reshuffle of its research operations into regional hubs.