Sanofi to Cut Around 500 Net Jobs in France as It Moves to Restructure Globally

Date : 12/05/2018 @ 6:02PM
Source : Dow Jones News

Sanofi to Cut Around 500 Net Jobs in France as It Moves to Restructure Globally

Sanofi (EU:SAN)
Historical Stock Chart

6 Months : From Oct 2018 to Apr 2019

Click Here for more Sanofi Charts.
   By Donato Paolo Mancini 

Sanofi SA (SAN.FR) is moving to restructure globally, cut jobs and shift resources, the company said Wednesday.

The plan, dubbed Horizon 2020, initially foresees 750 voluntary departures and 80 voluntary transfers in France by the end of 2020, as well as the recruitment of 250 more employees. Sanofi said it has increased needs in data protection, artificial intelligence, bio-manufacturing and other fields. Because some the departures would be buyouts, numbers may fluctuate, a company spokesman said.

The spokesman declined to comment on more layoff plans globally, but confirmed the restructuring effort will be world-wide.

News of the restructuring was first reported by French weekly Le Journal du Dimanche. AFP reported more details Wednesday, and suggested layoffs could involve the U.S. and German market, among others.


Write to Donato Paolo Mancini at


(END) Dow Jones Newswires

December 05, 2018 12:47 ET (17:47 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20190418 22:57:12