Reuters: Sanofi plans to cut 1000 to 2000 jobs in France

Source: French drugmaker Sanofi plans to cut 1000 to 2000 employees in the French market, Tencent Finance reported on Wednesday The move is the latest in a cost cutting initiative launched by Sanofi, which has to boost the company's profitability by implementing cost cutting measures as competition in some key drug areas is increasing France's Figaro newspaper quoted unnamed sources as saying that the layoff will be aimed at some drug research and development and pharmaceutical fields of Sanofi Pasteur, the company's vaccine department, and some support positions in Sanofi's headquarters may also be included in the layoff A Sanofi spokesman declined to comment on the news, but confirmed that Sanofi would hold a meeting on Thursday to discuss the employment prospects of its employees in France In September 2011, Sanofi announced a plan to cut its R & D staff from 13000 to 10000 But the cuts did not include Genzyme, a biomedical company It is understood that genzan was acquired by Sanofi at the beginning of this year Le Figaro, a French newspaper, pointed out in the article that Sanofi had cut 4000 jobs in the French market between 2009 and 2011 It is understood that as early as March this year, a person familiar with the matter told La Tribune that Sanofi Aventis, a Paris based French pharmaceutical giant, is restructuring its business in the European market As part of this strategy, Sanofi Aventis plans to cut 700 jobs in the region The article points out that the number of branches of Sanofi Aventis in the European market will be reduced from 30 to 10 after the implementation of the layoff measures.