Roche Layoffs Job Cut: fires 1500 employees for Genetech Deal: Finance Trading Times

Roche Layoffs Job Cut: fires 1500 employees for Genetech Deal

The news is not good for the employees of Roche, the swiss major drug maker having a strong presence in the US and the globe. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest additon to the list of organization which may go for layoffs is the Roche. It has declared that it will layoff some 1500 workers this year. Roche Logo

How many employees may be fired in the Roche layoffs?
The news is that around 1500 employees may be fired from their jobs at Roche. Most of the jobs will be gone from commercial departments like sales and marketing.

What will be the cost and savings by Roche layoffs?
No info available about that. This layoff is a part of the consolidation exercise.

When will the Roche layoffs happen?
As per the reports, the layoffs will be done in this year itself, i.e. 2009.

Which locations will be affected by the Roche layoffs ?
The employees to be fired by Roche will be from New Jersey as the company has decided to shift operations to California.

What is the primary reasons for Roche layoffs?
The job cuts are because of the USD 46.8 billion takeover deal of the biotech powerhouse Genentech.

Any other news about Roche layoffs
As per NJ, Roche will keep its 1,600 researchers and scientists - in Nutley, so the work on new medicines will continue for cancer, diabetes and obesity. A contingent of scientists who are studying treatments for inflammatory diseases at Roche laboratories in Palo Alto, Calif., also will eventually be moved to Nutley.
Let's hope that alternative jobs are available to the affected employees of Roche Layoffs Job Cut
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