Navigation

Novartis to cut 1,100 jobs worldwide

The Basel-based chemicals and pharmaceuticals company Novartis announced Tuesday it would cut 1,100 jobs worldwide due to restructuring in its agricultural business sector. About 150 of those jobs will be lost in Switzerland.

This content was published on June 22, 1999 - 11:50

The Basel-based chemicals and pharmaceuticals company Novartis announced Tuesday it would cut 1,100 jobs worldwide due to restructuring in its agricultural business sector. About 150 of those jobs will be lost in Switzerland.

The decision was announced by the new head of the agricultural business sector, Heinz Imhof.

He said Novartis would reassess the importance of individual research projects , better adapt the range of products on offer to suit customer demand, and optimise the use of the company's production facilities.

The agricultural business sector has seen a recent drop in turnover and profits, and Novartis is hoping the measure will allow it to save SFr100 million ($65 million).

The job cuts in the sector, which currently employs 18,000 people, are to be achieved over a period of two years.


Sources: apd, sda-ats

Articles in this story

This article was automatically imported from our old content management system. If you see any display errors, please let us know: community-feedback@swissinfo.ch

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

Share this story

Change your password

Do you really want to delete your profile?