This just in from Luke Timmerman at Xconomy. Henri Termeer issued a memo to Genzyme employees that the company was in a critical phase of its history and would be cutting 1000 jobs in the next 15 months.
Genzyme Cutting 1,000 Jobs Over Next 15 Months.
It seems like only a few months ago, we were talking about Termeer having his job cut. Now, he is citing the Sanofi takeover attempt as one justification for making the cuts as it "reinforces how important it is to take control and maximize the value we bring to patients and shareholders"
Apparently, that doesn't necessarily extend to employees too.
Posted by Bruce Lehr September 10th 2010.
More details on this story from the Pharmalot blog
http://www.pharmalot.com/2010/09/lonza-axes-100-jobs-as-plant-is-phased-out/
Posted by: bigredbruce | 09/13/2010 at 09:17 AM
PharmaGossip has more on story from Boston Globe
http://pharmagossip.blogspot.com/2010/09/under-pressure-genzyme-to-cut-1000-jobs.html
Posted by: bigredbruce | 09/11/2010 at 12:43 PM