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February 15, 2012
AstraZeneca to slash 900 jobs in Lund
Published: 2 Mar 10 16:41 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/25308/20100302/
Anglo-Swedish drugmaker AstraZeneca has announced it is shutting down its research facility in Lund in southern Sweden as part of a package of global cutbacks.
- AstraZeneca job cuts hit Södertälje hard (2 Feb 12)
- Addicts die after smoking pain-relief patches (18 Jan 12)
- Swedes arrested in major European drug bust (12 Jan 12)
"A lot of people have been worried. We have escaped previous purges and hoped right until the end that it would work out this time too," said Bo Servenius, chairman of the local chapter of the Akademikerföreningen trade union.
"A lot of people were stunned, silent and withdrawn. There were a lot of questions that came up: what happens now; can we move too?"
AstraZeneca's Lund facility will cease to exist "in the latter part of 2011", while the firm's Mölndal operation is set to expand.
"Operations in Lund and Charnwood will be moved there," according to a company statement.
Some staff from Lund may be offered the possibility of moving to Mölndal, where local Akademikerföreningen chairwoman Aina Illiano confessed to a great deal of uncertainty as to what the future might hold.
"It's hard to say whether it will be plus or minus for Mölndal in the end," she told news agency TT.
"The company is now going to examine what sort of competence it requires," she added.
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This affects not only the people in Astra Zeneca, but the entire research base around Lund, which is pretty much state of the art.
As moves go, this one does not make sense.
Lund has a strong reseach base in several areas. It makes no sense to move research operations away from Lund to an area, where it would be harder to hire and hold onto quality staff stright out of university.
Looks like Astra Zeneca is in worse shape than its share price implies. Astra Zeneca is a research driven corporation. Whoever made this decisions is risking destroying the company by removing its innovative edge.
Are things really that bad with AZ that they have to cut off their future just to stay afloat?
The world is still in the very early stages of a 20 year depression that will make the Great Depression seem like a minor downturn, and reality has hit AZ before most of the other corporations.
There is alot of rumours about this in south America that Europe is finished...in the next twenty years..
You are talking complete and utter rubbish.
comment #7 is not entirely baseless...(you can read FORBES and Newsweek and many other global magazines!) no body how many years it will take before Europe is finished but it is destined to be if we keep losing jobs to the rest of the world. AZ is an innovative firm and there are more people needing drugs than ever ..how come they cutting back? Well..you know BRIC? BRIC is going to lead the world in the next 20-30 years like the US and Europe were doing for 3-4 decades. I am no expert on medical sciences but in rail technology..China is now leading the world..just 10 years ago you would laugh if somebody told you that the Chinese would put a high speed train on a test track. Now they have the most advanced high speed rail in the world. The US has not ever started and Europe have not progressed very much.
I think it is very possible that in the next 20-30 years the best drug labs in the world would be situated in BRIC rather than US and Europe.
Not the best; just the cheapest.
@Nemesis
They are talking rhubarb.
Just because the USA is finsihed due to short termisism, does not mean Europe is finished. Europe is a few thousand kilometers East fo the USA.
In Europe bar UK and Ireland, long term research is the norm. Slowly they are getting it into the heads to the UK and Irish that a five minute atention span is pointless and that research is done over eyars before it becomes fruitfull.
Research in China is now world standard in a lot of insitutes, with quite a few still catching up. Europe will eract to that and increase its numbers of scince studetns as it will have no choice.
The USA will keep producing lawyers, religeous lunatics and idiots.
Europe is very different from the USA.
that is a good point..the cheapest (almost by default) but I am fairly sure they are going to do good research as well. Just look at how many Chinese and folk from BRIC are working in research labs in the west? If they return home (there is a trend) then all the know-how and all that would be easily moved away.