Skip navigation
Sanofi-Aventis to cut US sales jobs
By The Associated Press | 04 Dec 2008 | 10:46 AM ET
Text Size

NEW YORK - French drugmaker Sanofi-Aventis SA is cutting an unspecified number of U.S. sales jobs as part of a realignment of its marketing.

The company said in an e-mailed statement that it is realigning its sales force. The changes, it said, would affect a single-digit percentage of its 6,500-person U.S. sales force, implying jobs cuts of fewer than 650.

Sanofi said in the statement that the moves are part of "a new commercial model designed to deliver greater value to our customers in a rapidly changing business environment."

The company, whose U.S. headquarters is in Bridgewater, N.J., did not say which locations the cuts are affecting.

The cuts follow on similar moves made by other drugmakers, including GlaxoSmithKline, Novartis and Merck, as they try to cut costs and improve sales amid increasing competition from cheaper generic drugs, more pressure from payers to hold down prices and other challenges.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

HOME  |  NEWS  |  MARKETS  |  EARNINGS  |  INVESTING  |  VIDEO  |  CNBC TV  |  CNBC PLUS  |  CNBC MOBILE  |  CNBC HD+
About CNBC   |   Site Map   |   Privacy Policy   |   Terms of Service   |   Advertise   |   Help   |   Feedback   |   Video Reprints
  Data is a real-time snapshot   *Data is delayed at least 15 minutes

Global Business and Financial News, Stock Quotes, and Market Data and Analysis