Roche Cutting 4800 - 6300 MORE jobs!

[Palehorse]

http://money.cnn.com/2010/11/17/news/international/roche_job_cuts/

NEW YORK (CNNMoney.com) -- Swiss health care company Roche said Wednesday it would cut 4,800 jobs over the next two years as part of its "Operation Excellence Program."

Roche said it hoped to save about $2.4 billion through 2012, primarily by cutting or adjusting 6% of its work force of 82,000 people.


In addition to the 4,800 job cuts, the company plans to transfer 800 jobs internally and transfer 700 jobs to "third parties," affecting some 6,300 jobs overall.. . .

[The Troll]

http://money.cnn.com/2010/11/17/news/international/roche_job_cuts/

NEW YORK (CNNMoney.com) -- Swiss health care company Roche said Wednesday it would cut 4,800 jobs over the next two years as part of its "Operation Excellence Program."

Roche said it hoped to save about $2.4 billion through 2012, primarily by cutting or adjusting 6% of its work force of 82,000 people.

   In addition to the 4,800 job cuts, the company plans to transfer 800 jobs internally and transfer 700 jobs to "third parties," affecting some 6,300 jobs overall.. . .

  Predatory capitalism at it finest.  Only the bottom line counts.  What are they going to do with all of that extra money.  Give the CEO and all of the top vultures large bonuses.  Over all the millions of dollars they already make.  Greed! 

[Palehorse]

  Predatory capitalism at it finest.  Only the bottom line counts.  What are they going to do with all of that extra money.  Give the CEO and all of the top vultures large bonuses.  Over all the millions of dollars they already make.  Greed! 

You'll get no argument from me where that company is concerned!