Issue Date: August 15, 2011
Lundbeck Swings Jobs Ax In Labs
Lundbeck will eliminate between 125 and 175 R&D jobs in Denmark and the U.S. this year. Announcing the cuts in its second-quarter earnings report, the Danish company says it is moving to establish “greater flexibility in the use of external and internal capabilities.” The cuts will affect research sites in Paramus, N.J., and at the company’s headquarters in Copenhagen. Lundbeck reported second-quarter earnings of $780 million, a 9% increase over the same period last year.
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