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Sanofi to Shed 900 Jobs in France

Sept. 25, 2012

A spate of job cuts and restructuring by industrial companies is a central concern for President Francois Hollande's administration.

Agence France-Presse

French pharmaceutical group Sanofi (IW 1000/98) said on Tuesday that it intends to shed 900 jobs in France by the end of 2015.

The company said that the measure was essential but that the cuts would be made mainly on a voluntary basis.

A spate of job cuts and restructuring by industrial companies is a central concern for President Francois Hollande's administration.

The government is preparing its first budget, for 2013, with growth, fighting unemployment but also reducing the budget deficit at the top of its priorities.

Copyright Agence France-Presse, 2012

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