ZURICH (Reuters) – Swiss pharmaceutical group Roche doesn’t plan any job cuts and its actions are wholesome, its CEO Thomas Schinecker stated on Sunday, quoted by a Swiss newspaper.
Roche’s share value has fallen properly beneath the highs reached in April 2022 and the CEO was requested in regards to the firm’s recruitment plans amid current setbacks within the growth of medication to deal with most cancers, amongst different illnesses.
“The variety of workers is fixed and even barely rising,” Schinecker stated in an interview with NZZ am Sonntag when requested whether or not the corporate was planning layoffs.
“I can say with certainty that we’ve got a really wholesome enterprise. And we have no development issues both,” he stated, whereas emphasizing that Roche’s analysis and growth finances was secure and didn’t enhance.
When requested when Roche’s deliberate anti-obesity drug would hit the market, Schinecker stated it might be round 2029 or earlier.
Addressing the broader outlook for subsequent yr, notably in mild of the current difficulties within the German financial system, the Roche CEO stated Europe nonetheless faces challenges.
“There’s some financial development in the USA, however issues are tougher in China proper now,” he stated. “And in Europe, it’ll take some time to get out of this.”
(Written by Dave Graham; edited by David Holmes)
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