Novo Nordisk to ax 1,000 jobs in cost-cutting drive

Novo Nordisk to ax 1,000 jobs in cost-cutting drive
 

The world's largest insulin maker, Novo Nordisk (NOVOb.CO), is cutting 1,000 jobs as a part of a plan to reduce costs as it faces a challenging environment in 2017, especially in the large U.S. market, the company said on Thursday.
The Danish company, which has a global workforce of 42,300, said about 500 of the lay-offs would be in Denmark. The headcount reduction and associated costs would not change the financial outlook for 2016, it said.
"We have concluded that it is needed in order for us to have a sustainable balance between income and costs," Chief Executive Lars Rebien... read more

 
29 September 2016 in Business, Views: 34
Source: Reuters
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