Astellas announces Japan restructuring and workforce cuts
Japanese drugmaker Astellas (TYO: 4503) has announced a restructuring of operations in its home country, involving a reduction of the workforce by around 600.
The Tokyo-based firm has attributed the cost-saving initiatives as being aimed at realizing its newly-announced Strategic Plan 2018. This targets the building and optimizing of Astellas’ organizational capabilities and the continuing pursuit of operational excellence, the company says in a statement.
“Accordingly, Astellas will restructure all operations, including R&D and Sales & Marketing, and its group companies in Japan,” the statement adds.
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