Sanofi to Implement Voluntary Retirements at India Sites
31 Janvier 2023 - 10:39AM
Dow Jones News
By Cecilia Butini
Sanofi SA's India division is implementing voluntary retirements
for employees at two of its sites in the country, a spokesperson
for Sanofi India said.
The voluntary retirement scheme comes on the back of the
Covid-19 pandemic where new pharmaceutical manufacturers have
established themselves, increasing the overall supply capacity for
vaccines and medicines, the spokesperson said.
The French pharmaceutical company remains committed to its
presence in India, it said.
Earlier, press reports said the company was planning to let go
of all its employees at two plants in India, affecting 800 workers
out of the 5000 that Sanofi employs in the country.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
January 31, 2023 04:24 ET (09:24 GMT)
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