More reports on: Pharmaceuticals
AstraZeneca to cut 1,150 sales jobs in the US news
08 December 2011

British drugmaker AstraZeneca Plc will cut 24 per cent of its workforce in the US in a bid to further cut its costs as it wards off increasing competition from generic rivals.

The London-based company is reducing its US sales force by 1,150. It has a workforce of 14,000 in North America, with most of those working in the US, and about 61,000 employees worldwide.

"These changes are driven by the need to effectively compete in a challenging environment," said AstraZeneca spokesman Tony Jewell.

The company said that it would take a restructuring charge of $50 million to $100 million in the current quarter resulting from the layoffs.

The cuts are in addition to 14,000 global job cuts announced in 2010 as part of a restructuring programme and the 6,000 job cuts already announced since 2007.

Today's layoffs announcement will be in addition to the 400 cuts made by AstraZeneca's US commercial business last month.

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AstraZeneca to cut 1,150 sales jobs in the US