Lundbeck Swings Jobs Ax In Labs | Chemical & Engineering News
Volume 89 Issue 33 | p. 17 | Concentrates
Issue Date: August 15, 2011

Lundbeck Swings Jobs Ax In Labs

Department: Business
Keywords: R&D, job cuts, earnings

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.

Chemical & Engineering News
ISSN 0009-2347
Copyright © American Chemical Society

Leave A Comment

*Required to comment