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Roche Holding AG To Shed 170 Jobs In Diagnostics Restructuring-Reuters

Tuesday, 23 Apr 2013 01:55am EDT 

Reuters reported that Roche Holding AG is cutting 170 jobs in Germany and the United States in a reorganisation of its life sciences business to beat price pressure and research funding cuts. The firm said it would dissolve its Applied Science business area, which makes up about 7% of sales in its diagnostics unit, at the end of 2013 and integrate its products into other parts of its diagnostics business. The reorganisation will lead to 110 job cuts at its site in Penzburg, Germany and a loss of a further 60 positions at Bradford, Connecticut in the United States. 

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26 Dec 2014