Examines the human resources policy of this life science company.
Written in 2002; 2,337 words; 10 sources; APA; $ 71.95
Paper Summary:
Novartis is a world leader in life sciences with core businesses in healthcare, agribusiness and consumer health. In June 1999 Novartis announced it would eliminate 1,100 jobs worldwide to counter a depressed farm economy. This paper examines the company's strategy to deal with the upheaval and change in the agribusiness industry. It focuses on Norvatis' human resources policy in China as an example of the company's strategy.
From the Paper:
"Also in September 1999, Novartis Pharmaceuticals Corporation, the U.S. pharmaceuticals division of Novartis, moved its entire operation to East Hanover, New Jersey. The corporation had originally split its headquarters between Summit, New Jersey (1,440 employees) and East Hanover (2,900 employees). The company also planned to build a $100 million drug research facility in East Hanover, which would add hundreds of jobs there. The move was estimated to bring job cuts over five years, although the specific number of lay-offs was still undetermined (Shook, 1999). Notably, Novartis was simultaneously increasing its salesforce, which promotes drugs directly to doctors and hospitals (Silverman, 1999)."
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