• Most Popular
  • Most Shared

Sanofi sees flexibility for more sales force cuts

Wed Aug 1, 2007 3:19am EDT

Stocks

   

LONDON, Aug 1 (Reuters) - French drugmaker Sanofi-Aventis (SASY.PA) said on Wednesday it had considerable flexibility to reduce its sales force further.

Mergers & Acquisitions

Hanspeter Spek, head of pharmaceuticals, told a post-results conference call that around 10 percent of the U.S. sales force typically left each year and another 10 percent were external hires.

"I don't believe overall our sales force will increase -- there will be inside restructuring," he said.

The group has already cut its U.S. sales force by 11 percent since 2005, following generic competition to key products.



More from Reuters

Photo

Jobless claims hit 17-month low

WASHINGTON (Reuters) - The number of U.S. workers filing new applications for jobless benefits unexpectedly fell last week to the lowest level in about 17 months, suggesting the economy might be on the cusp of job creation.

 A picture of an arrow in this file photo. REUTERS/File

The coming Great Inflation

Real or imagined, Americans have plenty of things to worry about. Should inflation be one of them?  Full Article 

People walk past a branch of Bank of America in New York's financial district April 28, 2009. REUTERS/Brendan McDermid

Move your money

Boycotting "too big to fail" banks is a great idea -- so long as investors remember that banks aren't the only ones responsible for the crisis.  Full Article