Description: Among the major French companies that have triggered protests at home this summer by announcing job cuts, Sanofi (SNY) stands out for its audacity. France’s biggest drugmaker plans to slash its research and development staff in Toulouse and Montpellier and is shifting its focus across the Atlantic to Cambridge, Mass.
Date: Aug 09, 2012
Questions for Discussions:
- Describe and explain the restructuring of the research group in the firm?
- What do you think the impact will be on the firm as a whole and within this operating division?