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Roche to cut around 350 IT jobs by end-2017 | Reuters

ZURICH Swiss drugmaker Roche (ROG.S) plans to cut around 350 IT jobs by the end of 2017, a spokesman said on Saturday, confirming a report by the Basler Zeitung newspaper.

Roughly 100 positions will be cut in Switzerland with another 100 in the United States, the spokesman said, adding the rest of the cuts would be spread across a number of countries, mostly in Europe.

At the same time, Basel-based Roche plans to add around 300 positions at its shared services locations, which include Madrid and Kuala Lumpur.

The spokesman said further steps for these plans would be announced at a later date.

Roche has around 91,000 employees in more than 100 countries, according to its annual report.

(Reporting by Joshua Franklin; Editing by Mark Potter)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Published Date: Jul 02, 2016 23:15 PM | Updated Date: Jul 02, 2016 23:15 PM

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