Novartis cutting up to 8000 jobs

Novartis headquarters

Source: © Ulrich Baumgarten/Getty Images

Restructure splits commercial activities geographically instead of by treatment area

A major restructure at Novartis, which began in April, could see up to 8000 jobs cut, impacting around 7% of its staff globally, including up to 1400 in Switzerland.

The company revealed at the end of June that consultations with employees were underway, and the changes are planned to take place over the next few months. The statement corroborated a report by the Swiss newspaper Tages-Anzeiger on job losses.