Home » News » 12/05 » Solvay to restructure operations

Solvay to restructure operations

Date published: 22/12/2005

Solvay Healthcare has said that it is in the process of restructuring the company after its purchase of Fournier Pharmaceuticals in July. The firm said in a statement that the company's "product priorities" had changed following the merger, and that the firm had restructured as a result, leaving 30 people jobless.

"We are convinced that we will be creating the best possible size, shape and mix of organisation to optimise our product portfolio going forward" said chief executive Dr John Peter.

"Fortunately we were able to offer generous severance terms and the response to a voluntary redundancy offer was good," he added.

Solvay Healthcare made sales of £40 million during 2004, and is part of the global Solvay Group.

© Adfero Ltd

Disclaimer

AllAboutMedicalSales excludes any warranty, express or implied, as to the quality, accuracy, timeliness, completeness or fitness for a particular purpose of this briefing. AllAboutMedicalSales will not be liable for any claims, penalties, losses, damages, costs, or expenses arising from the use of or inability to use this briefing or from any unauthorised access to or alteration of the Briefing. AllAboutMedicalSales makes no warranty that the contents of this briefing are compatible with all computer systems and browsers.