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Lonza cuts jobs

7:46 AM MST | November 12, 2012

Lonza says it will cut 400 jobs at its Visp, Switzerland site within two years. The company currently employs about 2,890 people at Visp. Lonza also initiated a review of its corporate functions structure, to optimize and adapt service offerings and realize savings, which will lead to a further 100 job losses worldwide over the same period, Lonza says. The cuts at Visp form part of an efficiency program at the site that was announced in 2011 and is expected to deliver annualized productivity improvements of 100 million Swiss francs ($106 million) by...

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