Pharmaceutical company AstraZeneca has announced that it will be transferring certain UK based office jobs outside of the country to cut costs.
AstraZeneca
The company, which has recently suffered from a decline in profits, will move an unspecified number of jobs from its finance division at Alderley Park in Cheshire.
Whilst some jobs will be moved to the company’s Cambridge headquarters, others will be transferred outsde of the UK to countries where staff costs will be lower.
Part of AstraZeneca’s advancing strategy is the aim to cut costs by $1.1 billion through cost-cutting measures by the end of 2017. The company are implementing restructuring changes worth $1.5 billion
About the changes AstraZeneca said: “As part of this global process, in the UK, the plan is to move some finance roles from Alderley Park to either our new headquarters and science centre in Cambridge or to newly created regional centres (Costa Rica, Kuala Lumpur and Warsaw) over the next two years.”
“The overall impact in terms of numbers of employees will only become clear once the consultation period has finished and employees have taken their own decisions. Employees globally have been briefed on these changes and individual employee consultations will now begin for impacted individuals. Naturally these discussions will remain confidential.”