Sanofi Tells Unions Drugmaker Plans 600 Job Cuts in France
- Jobs to be cut over 3 years, mostly through early retirement
- Sanofi meeting trade union representatives in France this week
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Sanofi told its labor unions that it plans to cut 600 jobs in its home country over three years, as France’s biggest company by market value seeks to trim costs.
The departures will be voluntary, and mostly through early retirement, according to a statement from Paris-based Sanofi on Tuesday. The drugmaker, which employs a quarter of its staff, or 27,000 people, in France, said the cuts won’t have any impact on research and development operations. The proposed reductions also don’t apply to the Merial animal-health unit, which is being given to Boehringer Ingelheim GmbH in exchange for consumer-health operations.