Takeda plans layoffs in R&D reorganization | Chemical & Engineering News
Volume 94 Issue 32 | p. 13 | Concentrates
Issue Date: August 8, 2016

Takeda plans layoffs in R&D reorganization

Department: Business
Keywords: pharmaceuticals, Layoffs, Japan, Takeda, regenerative, CNS

Takeda Pharmaceutical will eliminate an unspecified number of jobs as part of an R&D revamp. The company says it plans to centralize research in the U.S. and Japan, suggesting that its R&D center in the U.K., which employs 400, is threatened. Takeda’s research center in Shonan, Japan, on which it recently spent $1.8 billion, will concentrate on the central nervous system and regenerative medicine. The company also will continue to research vaccines, gastroenterology, and oncology. The layoffs and related restructuring will cost $740 million over the next two years, the firm anticipates.

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