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Sanofi Considers Job Cuts as CEO Seeks to Reduce Costs: Report

FILE PHOTO: The logo of Sanofi is seen at the company's headquarters in Paris, France, April 24, 2020.  REUTERS/Charles Platiau/File Photo

FILE PHOTO: The logo of Sanofi is seen at the company's headquarters in Paris, France, April 24, 2020. REUTERS/Charles Platiau/File Photo

Management will hold meetings with staff representatives on Friday and Monday next week to outline a restructuring plan, four sources familiar with the matter told Reuters.

  • Reuters
  • Last Updated: June 25, 2020, 8:02 PM IST
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Sanofi is considering cutting hundreds of jobs and will discuss potential steps with staff representatives over the coming days, four sources said on Thursday, the latest move by the French drugmaker's chief executive Paul Hudson to cut costs.

Management will hold meetings with staff representatives on Friday and Monday next week to outline a restructuring plan, four sources familiar with the matter told Reuters. They declined to be identified as the plan is still confidential.

Officials with Sanofi had no immediate comment.

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