sanofi-aventis (SNY) To Reduce U.S. Workforce by 25%; Will Refocus U.S. Ops on Three Areas

October 8, 2010 11:08 AM EDT
Sanofi-aventis' (NYSE: SNY) U.S. division announced that they would be streamlining their operations in lieu of the challenging healthcare marketplace.

The restructuring will include an estimated 25% work force reduction in U.S. Pharmaceutical Operations, eliminating approximately 1,700 positions in total. These decisions will be finalized by mid-December.

Also, the focus of U.S. Pharmaceuticals will be Diabetes, Atrial Fibrillation and Oncology.

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