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Drugs maker AstraZeneca to axe jobs

Thursday February 2nd 2012

Pharmaceuticals giant AstraZeneca has announced plans to cut 7,300 jobs by the end of 2014 as it seeks to reduce costs due to the weak economy and the impact of competition from generic drugs.

The company has 61,000 staff globally, with 8,000 in the UK. It did not disclose where the jobs will be lost.

It closed a site a Charnwood near Loughborough at the end of last year and currently operates facilities at Alderly Park in Cheshire, Macclesfield, Cambridge, Luton, Avlon near Bristol, Paddington in London, and Brixham in Devon.

The firm cut 12,600 positions between 2007 and 2009, and another 9,000 by the end of last year.

Unions warned the move is a further blow to the industry after rival Pfizer announced plans to pull out of Sandwich in Kent.

GMB national officer for pharmaceuticals Allan Black said: "These cutting-edge research and development jobs are both well paid and essential for a thriving UK economy."

Copyright Press Association 2012

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