Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Roche cutting 345 jobs in product development – media


Roche cutting 345 jobs in product development – media

ZURICH (Reuters) – Roche is cutting 345 jobs, Swiss website Muula reported, as the drugs company responds to lower profit posted for 2023 and a more cautious outlook for the year ahead.

The jobs will go in the product development area, and corresponded to about 6% of the workforce in the area, Muula said.

Of the 5,800 jobs worldwide that develop pharmaceutical products or provide IT support for product development at Roche, around 1,800 are in Switzerland, where around 100 jobs are expected to fall victim to the cost cuts, the website added.

Roche did not immediately respond to a request for comment.

The Basel-based drugs and diagnostic maker last week said that group sales, which include diagnostics, would grow by a mid-single digit percentage, when adjusted for currency swings.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

Adjusted operating profit slipped 1% last year while sales were 7% lower.

Roche employs roughly 101,000 people globally, including 14,200 in Switzerland, according to the company’s website.

 

(Reporting by John Revill, Editing by Rachel More)

 

Recent Post: