May 22, 6:09 PM EDT
Media & Culture
Roche to slash 4,800 jobs amid healthcare cost pressures
on 11/17/10 AT 11:14 AM
Swiss pharma giant Roche said it plans to cut 4,800 jobs worldwide over the next two years due to mounting cost pressures in healthcare -particularly in the US and Europe - and increasing hurdles for the approval and pricing of new medicines.