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Takeda to Cut 2,800 Jobs in Europe, U.S. by 2016

7:18 AM MST | January 18, 2012 | Deepti Ramesh

Takeda Pharmaceutical (Osaka, Japan) says it plans to reduce its global workforce by 2,800 positions, which includes 2,100 job cuts in Europe and 700 job cuts in the U.S., by the end of the fiscal year ending March 31, 2016. Takeda says the measures will better align its global workforce in order to integrate Nycomed (Zurich, Switzerland), and to adapt to changing market conditions. Takeda acquired pharmaceutical company Nycomed for €9.6 billion ($12.3 billion) in September 2011. The job cuts will be across all functions. Takeda plans to consolidate a number...

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