Member access

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

SANOFI (SAN)

2385
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
8h ago GENZYME : Exact Sciences Reports Second-Quarter 2014 Financial Results
17h ago GlycoMimetics Introduces Mark A. Goldberg, M.D. to Board of Directors
1d ago EXCLUSIVE - INDIA'S LUPIN, U.S. FIRM : sources
1d ago SANOFI : Information concerning the total number of voting rights and shares
1d ago India's Lupin, U.S. firms weigh bids for GSK's mature drugs -sources
1d ago SANOFI : Pasteur : Begins Shipping Seasonal Influenza Vaccine for Upcoming 2014-..
5d ago REGENERON PHARMACEUTICALS : and Sanofi Report Dupilumab Study Results
5d ago GENZYME : Assigned Patent
7d ago GENZYME : "Chemically Modified Dendrimers" in Patent Application Approval Proces..
07/16DJADR Shares End Mixed; Portugal Telecom, Oi Shares Trade Actively
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