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Roche cutting 345 jobs in product development – media

2024.02.09 01:53


© Reuters. FILE PHOTO: The brand of Swiss drugmaker Roche is seen at its headquarters in Basel, Switzerland January 30, 2020. REUTERS/Arnd Wiegmann/File Photo

ZURICH (Reuters) – Roche is cutting 345 jobs, Swiss web site Muula reported, because the medication firm responds to decrease revenue posted for 2023 and a extra cautious outlook for the 12 months forward.

The jobs will go in the product development space, and corresponded to about 6% of the workforce in the realm, Muula stated.

Of the 5,800 jobs worldwide that develop pharmaceutical merchandise or present IT help for product development at Roche, round 1,800 are in Switzerland, the place round 100 jobs are anticipated to fall sufferer to the associated fee cuts, the web site added.

Roche didn’t instantly reply to a request for remark.

The Basel-based medication and diagnostic maker final week stated that group gross sales, which embody diagnostics, would develop by a mid-single digit share, when adjusted for forex swings.

Adjusted working revenue slipped 1% final 12 months whereas gross sales had been 7% decrease.

Roche employs roughly 101,000 individuals globally, together with 14,200 in Switzerland, in accordance with the corporate’s web site.

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