IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

Pharma/fine chemicals roundup—6 November

5:01 AM MST | November 6, 2012 | Deepti Ramesh

Lonza to cut 500 jobs Lonza, in its business update announcement for the third quarter of 2012, says that it will make further efforts to improve the profitability of the company's site at Visp, Switzerland, and that these measures will result in 400 job cuts at the site within 2 years. Lonza currently employs about 2,890 people at the site. The company also initiated a review of corporate functions structure to optimize and adapt corporate service offerings and to realize savings; this program will lead to a reduction of an additional 100 positions...

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