Sanofi to Slash 600 Jobs in France, Plus 300 R&D Cuts

Feb 02, 2016

Bloomberg

Sanofi reportedly told its labor unions that it plans to cut up to 600 jobs in France over the next three years. In addition, about 296 research and development positions that were to be filled in France will be eliminated.

According to a Bloomberg article, the departures will be voluntary, and mostly through early retirement, per a statement from Sanofi.

The company, which employs about 27,000 people in France, said the cuts won’t impact its research and development operations, the article said. The 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, Bloomberg reported.

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