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Sanofi SA to Cut 207 Research Posts in France; Updates on Toulouse Site-Agence France Press

Tuesday, 25 Jun 2013 02:00pm EDT 

Agence France Press reported that Sanofi SA is to cut 207 research posts in France by the end of 2015. According to a new restructuring project seen by Agence France Press, the Company plans to keep its site in Toulouse open for five years, however the infectious diseases unit will be transferred to Lyon. The Company plans to create three entities at its Toulouse site based on the current activities carried out there, including one carrying out research into cancer. The Company plans to make these entities autonomous in five years. Of the 617 jobs which are currently in Toulouse, 364 will remain at the site for the duration of the plan. 63 jobs will be cut, 137 will be transferred to the Company's main research and development site, and 47 members of staff will be transferred to posts outside research and development. 

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0.46 +0.55%
7:57am EDT