Company news: FCC, Novo, Sanofi
Novo Nordisk is expanding its Beijing footprint. The Danish drug maker announced Tuesday that it was investing an additional $100 million in science facilities there. The expansion includes more room and space for 70 new hires to boost its science staff to 200 employees.
Sanofi released a bout of less-bad news Tuesday: the company, which labor unions expected to lay off close to 2,500 employees, is rounding down the number to about 900 positions cut in France by 2015. The company said in a statement it expects the drop off to consist of “early retirements, mobility proposals and repositioning in France.” Bloomberg noted that Labor Unions put the at-risk total at around 1,500.