Novartis Cuts Jobs In Europe, Citing A Shifting Specialized Portfolio

The Swiss drug maker will cut 1,700 jobs in manufacturing and business services in Switzerland by 2022 and another 395 jobs in the UK.

Novartis

Novartis AG will be making a significant headcount reduction at the company's home country, a decision driven in part by the company's increasing focus on specialized drugs over high-volume ones.

The Basel, Switzerland-headquartered company announced Sept. 25 that it will cut a net of 1,700 jobs in Switzerland through 2022,...

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