Novo Nordisk announces plans to reduce workforce by approximately 1,000 employees
(Thomson Reuters ONE) -
Bagsværd, Denmark, 29 September 2016 - Novo Nordisk has today announced its
intention to reduce its workforce by approximately 1,000 employees of the
42,300 positions in the company's global organisation.
This is one of several actions taken to reduce operating costs as the company
faces a challenging competitive environment in 2017, especially in its large US
market.
The reductions are expected to affect R&D units and headquarter staff functions,
as well as positions in the global commercial organisation. Around 500 of the
layoffs are expected to be in Denmark.
The majority of layoffs are expected to be communicated to affected employees
over the next two months, pending negotiations as per local legal labour market
requirements.
The workforce reduction and the costs associated herewith do not change the
financial outlook for 2016 communicated in connection with Novo Nordisk's half-
year financial statement on 5 August 2016.
"We deeply regret that good colleagues stand to lose their jobs, and it has been
a difficult decision to make," says President and CEO Lars Rebien Sørensen.
"However, we have concluded that it is needed in order for us to have a
sustainable balance between income and costs. In the current situation, we have
to prioritise investments in key product launches that will bring innovation to
patients and drive our future growth."
Further information
Media:
Mike Rulis +45 3079 3573 mike(at)novonordisk.com
Ken Inchausti (US) +1 609 786 8316 kiau(at)novonordisk.com
Investors:
Peter Hugreffe Ankersen +45 3075 9085 phak(at)novonordisk.com
Melanie Raouzeos +45 3075 3479 mrz(at)novonordisk.com
Hanna Ögren +45 3079 8519 haoe(at)novonordisk.com
Kasper Veje (US) +1 609 235 8567 kpvj(at)novonordisk.com
Company announcement No 66 / 2016
PR160929_NN_plans_UK:
http://hugin.info/2013/R/2045282/763962.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Novo Nordisk A/S via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 29.09.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 497778
Anzahl Zeichen: 2619
contact information:
Town:
Bagsvaerd
Kategorie:
Business News
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