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Pharma giant to cut 700 jobs in UK

By Alan Jones

Published 19/03/2013

Pharmaceutical giant AstraZeneca is to cut 700 jobs in the UK over the next three years and invest £330m.

The company, which employs 6,700 in the UK at eight sites, said it is opening a new research and development centre in Cambridge.

Around 1,600 jobs will be relocated to Cambridge from its base at Alderley Park in Cheshire.

The firm stressed its long-term commitment to the UK, but the announcement was attacked by trade unions, which complained that high-quality jobs were being lost from the north west.

Pascal Soriot, chief executive officer of AstraZeneca, said: "The changes we are proposing represent an exciting opportunity to put science at the heart of everything we do because our long-term success depends on improving R&D and achieving scientific leadership.

"This is a major investment in the future of this company that will enable us to accelerate innovation by improving collaboration, reducing complexity and speeding up decision-making.

But Unite national officer Linda McCulloch described AstraZeneca's decision to relocate over a thousand jobs to Cambridge as "a massive blow for the north west".

GMB national officer Allan Black said: "This is disastrous news for the UK, and for the north west."

Belfast Telegraph

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