Novartis India is planning to layoff 170 employees as part of its workforce rationalization due to the COVID pandemic.
“The layoff plan has been drawn as part of ‘fit for future’ project. The communication to identified employees will be made by March 31,” as shared by a senior executive.
A spokesperson of Novartis informed, “Novartis is constantly looking at ways to best meet our patient’s needs with our innovative products and pipeline while strengthening Novartis competitiveness. This is an ongoing process as part of which we constantly evaluate scenarios that enable us to make decisions in accordance with both our business needs and those of our patients and customers.”
Novartis claims to reimagine medicine to improve and extend people’s lives. As a global medicines company, Novartis products reach more than 750 million people globally and about 109,000 people of more than 145 nationalities work at Novartis around the world.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.