Sanofi Pledges 'Thoughtful' Job Cuts to Avoid Peugeot Drama

Sanofi says pressing ahead with a plan to reorganize drug research in France is critical. So is caution in a country on the brink of labor unrest.CEO Chris Viehbacher, speaking after PSA Peugeot Citroen and Alcatel-Lucent SA unveiled a combined 13,000 job cuts this month, said shutting labs in Toulouse and Montpellier will be done “thoughtfully.”