Member access

4-Traders Homepage  >  Shares  >  Euronext Paris  >  SANOFI    SAN   FR0000120578

SANOFI (SAN)

2414
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

Sanofi to Cut 1,500-2,000 Jobs in France - Report

09/15/2012 | 08:11am US/Eastern
Recommend:
0

French pharmaceutical giant Sanofi SA (SAN.FR, SNY) will disclose cuts of between 1,500 and 2,000 jobs in France on Sept. 25, French newspaper Le Figaro reported Saturday, without citing sources.

The company plans to reduce its 28,000 payroll in France mainly through attrition, the newspaper said.

In July, Sanofi had said it planned to cut jobs at two French units in a bid to preserve the company's profitability, which has been put at risk by recent patent expirations and the economic recession in most of Europe. The company had said it would detail the job cuts in September.

At the time, French Industry Minister Arnaud Montebourg had criticized the company and said he wouldn't tolerate when profitable companies slash jobs.

A Sanofi spokesman didn't return a phone call seeking comments.

Newspaper Web site: http://www.lefigaro.fr

Write to Inti Landauro at inti.landauro@dowjones.com.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Recommend :
0
React to this article
Latest news on SANOFI
22m agoDJEUROPE MARKETS : Raiffeisen Rallies, Miners Slip: Europe Movers
5h ago Veracyte Reports Second Quarter Results
5h ago SANOFI : Positive Data for Fluzone Published in The New England Journal of Medic..
5h ago Veracyte Reports 2Q 2014 Financial Results
1d ago SANOFI : Patent Issued for Monoclonal Antibodies and Uses
1d ago GENZYME : Trademark Application for "SEPRASPRAY" Filed by Genzyme Corporation
1d ago SANOFI : Pasteur Announces Publication of Positive Data for Fluzone® High-Dose V..
1d ago IGNYTA : Appoints Adrian Senderowicz, M.D., as Chief Medical Officer and Senior ..
1d agoDJSANOFI : Gets U.S. FDA Approval for Gaucher Disease Treatment
2d ago GENZYME : FDA approves new drug for rare genetic disease
Advertisement
Chart
Duration : Period :
SANOFI Technical Analysis Chart | SAN | FR0000120578 | 4-Traders
Income Statement Evolution
SANOFI : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF