Takeda Cuts Pharmaceutical Jobs in Chicago
Posted on May 16, 2010
The drug maker said they will cut as many as 500 jobs as part of a restructuring plan that will eliminate 1600 employees nationwide.
The Japan-based company said the cuts are being made at its Deerfield-based Takeda Pharmaceuticals North America headquarters and will reduce head count there by 28 percent, including 300 workers locally.
Cuts also will be made at Takeda Global Research and Development Center in Lake Forest, which employs 840 people. Twenty percent of the workforce there will be cut.
According to the SunTimes.com, the cuts are being made “to reduce costs and better align the organizations with the company’s current product portfolio, which is challenged by development delays and patent expirations of some of our core products,” spokeswoman Kara Hoger said in a statement.