Sanofi puts European units on chopping block

While we were looking toward Genzyme for an indication of where Sanofi plans to cut jobs, the French drugmaker was cooking up plans to shrink operations in Europe. La Tribune reports Sanofi will reorganize in the region in a move that could lead to 700 lost jobs. The reshuffling is part of a strategy called Transforming, which was launched by the French drugmaker in 2009. And the restructuring could kill off more than a score of business units. Report