COPENHAGEN, Sept 29 The world's largest insulin
maker, Novo Nordisk, is to cut 1,000 jobs as a part
of a plan to reduce costs as it faces a challenging competitive
environment in 2017, especially in the large U.S. market, the
company said on Thursday.
The Danish group, which has a global workforce of 42,300,
said around 500 of the lay-offs would be in Denmark. The
headcount reduction and associated costs would not change the
financial outlook for 2016, it added.
"We have concluded that it is needed in order for us to
have a sustainable balance between income and costs," Chief
Executive Lars Rebien Sorensen said in a statement.
(Reporting by Annabella Pultz Nielsen; Editing by Ben