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Business
AstraZeneca To Consolidate R&D
by Marc S. Reisch
February 1, 2010
| A version of this story appeared in
Volume 88, Issue 5
AstraZeneca plans to cut 8,000 jobs across the firm by 2014. The new cuts, about 12% of the workforce, come on top of 15,000 job cuts previously announced, 12,600 of which were already eliminated over the past two years. Within R&D, the firm plans to cut as many as 3,500 positions to realize annual savings of $1 billion. AstraZeneca also said it would restructure R&D by reducing the number of disease-area targets, expanding contract research, and consolidating research sites.
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