31 October 2012 07:11 [Source: ICIS news]
SINGAPORE (ICIS)--Lonza will cut a total of 500 jobs over the next 24 months as part of its cost improvement program, the bulk of which will be at its operations in ?xml:namespace>
Boosting profitability at its production base in Visp would require a reduction of 400 positions, the company said in a statement.
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A further reduction of 100 positions in the company’s global operations would occur over the next 24 months, following a review of its corporate functions structure, Lonza said.
“This measure will help increase efficiencies of services delivered to the business globally,” it said.
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