Novartis confirms closure of Horsham R&D facility


Novartis (NVS) has confirmed fears that it will shut its R&D facility in Horsham in southern England by the end of June.

The plant employs 400 staffers and 170 consultants.

The closure is part of Novartis' global reorganization as it concentrates more of its R&D around three major hubs: Basel, Boston and Shanghai.

There could be more to come, as CEO Joe Jimenez recently told analysts that there was room to cut the company's $7B budget.

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Comments (1)
  • Tom Foster
    , contributor
    Comment (1) | Send Message
     
    Employees told by email sent on behalf of the senior management team who were hiding in their offices in Basel as none of them had the guts to go to Horsham and makes the announcement face to face.
    26 Feb 2014, 10:26 AM Reply Like
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