PAREXEL International to Close Four Sites in Early Stage Cuts; Will Cut Bed Count By 28 Per Cent And Cause Around 300 Layoffs

Parexel is closing four facilities and downsizing another five in a restructuring of its loss making early phase unit. In May Parexel outlined plans to cut early phase capacity by up to 30 per cent and has now revealed further details. All nine of Parexel’s early phase sites will be affected, either by closure or downsizing, as it adjusts to what it believes are irreversible changes in the sector.