Ranbaxy staff cuts

July 10, 2013

UP to 400 Ranbaxy staff may be affected by a widespread retrenchment of executives at senior and middle management levels, according to India’s Economic Times newspaper. Executives from the Finance, R&D and Active Pharma Ingredient departments are reported to have been handed pink slips last week in the wake of Ranbaxy’s legal troubles, which have seen the company agree to pay half a billion dollars to settle cases brought by US authorities. The US state of Idaho has confirmed that it has received about $420,000 as its part of the settlement, addressing “losses to the Idaho Medicaid program caused by individuals and companies,” according to an official statement from Idaho Attorney General Lawrence Wasden.

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Pharmacy Daily | Ranbaxy staff cuts

Ranbaxy staff cuts

Other recent headlines

Pharmacists at higher risk of suicide

Heart muscle disease drug gets listed

Guild’s ACCC submission

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES