EMCC European Monitoring Centre on Change

Sanofi

Company/Organisation:
Sanofi

Geographic Location

Country: France

Company

Sector: Manufacturing
Manufacture of pharmaceuticals, medicinal chemical and botanical products
21.10 - Manufacture of basic pharmaceutical products
Number Employed: 25000

Employment Effects

Announcement Date: 26-06-2020
Planned Job Reductions min: 1000
Planned Job Reductions max: 1000
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-09-2020
Foreseen End Date: 30-09-2023
Other Job Reduction Measures: 1000

Additional Information

The French pharmaceutical giant Sanofi has announced a restructuring plan for its R&D activities and support functions that will result in 1,000 jobs cuts in the next three years in the framework of a restructuring involving other European countries for a total of 1,700 positions. The job reductions will affect support functions, sales and research-related platforms. The cuts will be made in certain sites in the Ile-de-France region in the support functions, at the international headquarters in Paris, at the Val-de-Bièvre campus (Val-de-Marne) or at other locations in France, but above all on tertiary sites. No plant closures are to be expected.

This plan, which will be spread over three years, is not linked to the consequences of Covid-19. It corresponds to a new strategy announced in December 2019. The aim is to make €2 billion in savings and to concentrate on a few promising niches. The company is ending research in diabetes, one of its traditional core businesses, as well as in the cardiovascular field. With this new plan, 'we will continue to dismantle the group and outsource activities, explains a CGT representative. 'Sanofi wants to go from a total of 300 drugs for sale to only about 100. We have the impression that the group only wants to keep what is most profitable'.

The group has cut positions in France in the last years: in 2016 (657 jobs), 2014 (200 jobs), 2012 (270 jobs) and recently in March 2019 (232 jobs). The last job cuts announcement occured in June 2019 with 299 job cuts. A worldwide restructuring was recorded in 2011 (1,400 to 3,000 job cuts in R&D, announced in 2011).

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