Swiss drugmaker Novartis plans to reorganise parts of its domestic workforce, cutting up to 500 jobs in its pharmaceutical division to free resources for new roles to support the product launches, the company said on Tuesday.
The redeployment comes as new chairman Joerg Reinhardt casts a fresh eye over the company’s operations as part of a portfolio review.
The Basel-based company said the changes should lead to an equal number of jobs being cut and created in Switzerland this year. It expects its overall headcount in the country to remain stable at about 15,000 people.
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via UPDATE 1-Novartis to shuffle jobs to support product launches | Reuters.
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