Novartis whacks 500 old-line jobs in Switzerland but adds 350 in 'high tech'

Fierce Pharma ------ It's out with the old and in with the new as Swiss drugmaker Novartis slashes hundreds of jobs in areas like “traditional manufacturing” in and around its Basel headquarters over the next 18 months and adds jobs in high tech areas like biologics production. In an emailed statement, the drugmaker reiterated its commitment to its home country even as it announced Thursday that it intended to eliminate 500 jobs in traditional manufacturing, coordination and development operations positions in the Basel area over the next year and a half, while adding 350 high-tech positions in “development and innovative biologics manufacturing.” The cuts include plans to close production sites in Basel and at the Schweizerhalle industrial complex in canton Basel, according to Swissinfo, which reported some jobs are being transferred to India. To learn more click on the picture below to read the article.