Spanish pharmaceutical firm Grifols plans to lay off around 2,300 employees, or 8.5% of its global workforce, amid a strategy overhaul aimed at reaching annual savings of around 400 million euros ($427 million), it said on Wednesday.
The logo of the Spanish pharmaceuticals company Grifols is pictured on their headquarters' building in Sant Cugat del Valles, near Barcelona, Spain, September 17, 2021. REUTERS/Albert Geaplans to lay off around 2,300 employees, or 8.5% of its global workforce, amid a strategy overhaul aimed at reaching annual savings of around 400 million euros , it said on Wednesday.
The company, which uses blood plasma to make medicines, said in a statement it would cut 2,000 jobs at its plasma business in the United States this year, as it seeks to have a "more efficient" platform to obtain plasma and to lower costs. It will also fire 300 people, mainly in the United States and some in Spain, amid a plan of "rationalization of its corporate functions", which will include centralizing and automating work flows. The layoffs will take place this year too, a spokesperson said.
Grifols expects savings of 100 million euros to be reflected in its 2023 balance sheet, while the remaining 300 million would be added in 2024.
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