NYON, SWITZERLAND – Novartis will not close its Prangin site and all jobs there will be saved, the company will be investing more money in the plant, canton Vaud will give the company a tax break and some of the unused space will be developed into housing. Tough talks between Novartis workers and managers, the town of Nyon and canton Vaud resulted in a series of agreements unveiled Tuesday afternoon 17 January in Nyon.
The company’s announcement 25 October that it would be cutting 1,100 jobs in Switzerland, some 300 of them in Nyon, was met with anger at the time, but the company agreed to talks, with local and regional authorities intervening.
Some of the Basel jobs will also be saved as part of the agreements.
Novartis announced 13 January that it is cutting 2,000 jobs in the US.
Ed. note: La Cote provides details online; the local newspaper usually protects most of its news behind a paywall, but this is free of charge.
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 17 January 2012.
Tags: closing, cut, deal reached, jobs, negotiations, Novartis, plant, Prangins
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