Two Swedish towns hit by AstraZeneca cuts
AFP/The Local · 21 Nov 2008, 11:04
Published: 21 Nov 2008 11:04 GMT+01:00
Jobs will also be affected at facilities in Macclesfield, northwestern England, and Södertalje in southeastern Sweden.
"These moves will result in a net reduction across the business of 1400 positions by 2013, subject to local consultation," the firm said.
At the same time, the group will invest more cash in its Wuxi plant in China to support continuing growth in the Asia Pacific region.
AstraZeneca executive vice president David Smith said in the statement:
"These moves are a continuation of AstraZeneca's programme to improve the organisation's productivity and efficiency.
"I realise these changes are difficult for our affected employees, with whom we will be consulting in the coming months. We believe these changes are necessary for the long-term strength of the business," Smith added.