New CEO to announce outcome of new restructuring plan in Jan Feb, what's he going to say?
Looks ike Respiratory is going to be a focus for AZ ! Shame they shut a site with the expertise !!!! Good news for all ex Charnwood Swedes.
Macc survives. Some staff from AP to be transferred there.
No cuts at all in Mölndal? Seriuosly?
What about Macc site?
amazing ! Zero productivity yet Molndal survives. Swedish mafia rules again.
What about Mölndal?
GMD out of Wilmington and moving to Gaithsburg. Mondal spared
R&D to finish at Alderley Park. New UK HQ in Cambridge
AP closing. New centre in Cambridge..
''Are the redundancy terms still the same as I know when they got rid of charnwood they were only guaranteeing they would stay the same until 2013.''
I have it on good authority the redundancy T&C's change this year. I left AZ voluntarily last year, one of my reasons was being told by a Vice President in R&D that the T&C's of redundancy were definitely going to change in 2013 (obviously for the worse) plus I was confident more redundancies would follow, admittedly I did not expect them so soon. Apparently 2013 is when the lucrative redundancy T&Cs put in place by Zeneca to ward off the hostile takeover bid by Hanson (in the early 90's) expire.
good luck for today all AZ employees
Are the redundancy terms still the same as I know when they got rid of charnwood they were only guaranteeing they would stay the same until 2013.
Good luck to everyone and although it might not feel like it at the time , it can be a good thing to he made redundant and move on to something else.
Good night Alpha Papa
I bet boston will be on the up after this.
You don't attract a top Merck guy without a grand expansion plan for Waltham
Mölndal doesn't need a big tent. Everyone fits into the canteen. Takes a bit of stress away, in truth
That won't seem so funny tomorrow.
... or with you!
"best return for sharholders" - fuck you- humanity will die with us!
AP would make a great NW centreparcs
I hope that Pascal's vision to achieve scientific leadership doesn't involve removing all the scientists. He has a tough job ahead of him. Essentially no strategy has been in place since the merger. We've just bumbled along with ever increasing waste and even more duplication with virtually no direction. Good luck fellow AZers.
AZ can't discover drugs. Even the ones they buy in are crap.
Once fostamatinib failed the mono therapy trial plus brillianta not gaining any traction in the US AZ's fate was sealed.
The humane thing to do is put it out of it's misery, break it up and get the best return for shareholders.
I may stand corrected tomorrow, but having a marquee is hardly an indicator of anything specific. That's just daft! It's just a way of doing an all staff meeting, with ALL staff from a particular site together. There's no sign of a marquee in Mölndal apparently, but that doesn't mean tomorrow isn't an all staff meeting for those guys or that they aren't at risk. They just have capacity in the restaurant/ conference centre to bring the entire site together at once.
As a current AZ employee of many years and one affected/ moved by previous announcements I'm not going to be naive about tomorrow; something has to change! They fired Brennan because previous changes weren't perceived (right or wrong) as enough to turn the company around. Soriot HAS to do something and for me past performance of any site is irrelevant. In spite of the fact that us employees are human beings we have to face facts, it is 2013 and this is simple economics! AZ is in a poor state for the future and if that's not dealt with then it is all over. If Soriot can find a strategy that mixes the science suitably with the economics then he has perhaps gone one step further than before.
Whatever the strategy is and whatever the personal impact on me and my colleagues I just hope that some years of certainty follow. From my level in the organization all I see is a group of talented people looking to do great science, to benefit our patients and to pay the bills at home. We would all no doubt benefit from better management and a performance culture that actually meant something; but who knows if any of that is on the cards for tomorrow...
Best wishes to all my colleagues (and potential critics), wherever you are.
Heard New Ops will be going.
What's New Ops? Different to old Ops?
Marque can only mean one thing - expect the axe to drop. Heard New Ops will be going. Reality is that AZ have nothing to replace products reaching patent expiry, and even if the next blockbuster was discovered tomorrow, and AZ could get it market quickly and efficiently - there has to be a first time(remember TRACKS???), it won't be generating revenue in time to save them. So, unless they can find the holy grail of a product in phase III just waiting to be acquired, that everyone else has missed - its hasta la vista AZ.
For all of those still at AZ - good luck - if you have the opportunity, take the money and run.
Pascal thinks AP least diverse of all sites
Astrazeneca are to make redundant all employees in both the AP and Macclesfield site, all low preformers will be replaced by small robots. All higher preformers will be replaced by bigger, stronger robots. This method has previously been used in South Korea and was very effective. Good luck. All changes are said to be made by 26th April.
"Mene thinks AP is full of moaners"
in AZ there's plenty to moan about - the culture is totally toxic.
Thank you Mene for this quick reply. Look forward to hearing from you tomorrow
Mene thinks AP is full of moaners.
regulatory is part of R&D.
Have Medi got meetings tomorrow or only AZ sites?
Yes, AP could close, but a long transition would be needed, there are other functions in addition to R&D on the site, regulatory for example.
Simple question, could AP be closed completely?
It looks like all sites have an SET led meeting scheduled sometime after the 9AM EST meeting. I don't understand why anyone would expect Pascal to do anything related to what the previous failed CEOs did? I don't believe he has any greater love for one site over another and that his decisions will be based on what he feels is best for AZ, NOT on what is best for himself or individual SET members. This could lead to some fairly dramatic changes. At this point, the SET members could be easily replaced by simply sending out an email and they know it!
"Not sure it will be a merger/acquisition announcement. It appears that it is the R&D sites which 'have the marquees' out. The commercial side of the organisation have no mandatory-attendance meetings in the diary for Thursday. There are Town Hall meetings later in the day where I imagine the announcements made in the morning will be passed on."
Marquee is up in Macclesfield also - a Development and Operations site. Ops and IS are in the marquee
"Not sure it will be a merger/acquisition announcement"
it won't be a merger/acquisition announcement. That kind of announcement has to be announced to the city/markets first and arranging simultaneous, global meetings would be too much of a prior warning. The Astra and Zeneca merger was (within Astra at least) announced internally only after we'd all seen and heard it in the press. And the news was released at 8.00am UK time, when the markets opened, which would've 3.00am in the US sites.
"A former colleague who is still at AP told me the announcements at Alderley Park would be 'followed by meetings with members of the executive team' . Ominous."
It's the same agenda in Mölndal. Oncology & CVGI up shit creek?
A former colleague who is still at AP told me the announcements at Alderley Park would be 'followed by meetings with members of the executive team' . Ominous.
Not sure it will be a merger/acquisition announcement. It appears that it is the R&D sites which 'have the marquees' out. The commercial side of the organisation have no mandatory-attendance meetings in the diary for Thursday. There are Town Hall meetings later in the day where I imagine the announcements made in the morning will be passed on.
Mene will be at Hogwarts.
In the US we've heard he will be in AP for the announcement...
"Mene is in Molndal or so I heard"
I've heard he is not in Mölndal
The US sites weren't called in for that announcement. So while it hurt, it wasn't "global" in nature, nor did it cut across all sites.
BTW, our colleagues in Brazil (plant site) are meeting on Tuesday.
Mene is in Molndal or so I heard
Where is Mene P tomorrow?
"If AZ take a leaf out of Pfizer's book..."
Please God NO, NO, NO! AZ already took Martin MacKay from Pfizer. Not so much a leaf as the sap.
"All we know for sure is this -- there is a simulataneous global announcement between the US, UK and Sweden at 9 AM EDST. The last time we all got called together was when we merged Astra and Zeneca. Site closures? Nah"
I guess we should admire your optimism......but your memory? not so much!
I heard news of the Astra and Zeneca merger on the radio whilst driving to work! no global announcement. Simulataneous global announcements were:
2007 - RIRA at AP cut, 600 job losses
2010 closure of Charnwood and Lund, ~1200 job losses
Feb last year, closure of CVGI at AP and CNS going virtual, ~ 3000 job losses
"My call is:
Small molecules reduced to 2 sites (Boston and Molndal; close Bangalore and AP)
Medimmune 2 sites (Gaithesberg and Cambridge UK)
Development: Close AP.
This gets the numbers and sites down to something that can be sustained post- Crestor and Nexium patent cliff. It retains presence in US, UK and Sweden."
Coupled with smaller CVGI this is my expected worst case scenario. Could be the tipping point where those left start rushing for the exits.
Last time there was a global simultaneous announcement was when the closures of Lund, Charnwood & Montreal sites were announced ("reduction of global footprint").
All we know for sure is this -- there is a simulataneous global announcement between the US, UK and Sweden at 9 AM EDST. The last time we all got called together was when we merged Astra and Zeneca. Site closures? Nah, common occurrence and certainly not worthy of a global announcement. (Sorry, but AP closure won't matter much to US colleagues, nor will Wilmington closure matter much to UK or Swedish colleagues.) Major restructuring? Are you kidding? We have been continually restructuring for the past 5 years (well, at least Ops has). Key management coming or going? Nope, again, it's like a revolving door at the top. Must be a merger or acquisition of some major company. Forest? Shire? Hardly worth a blip on the stock price and certainly not worth getting the key global sites together. Nope, gotta be bigger.
If it isn't, can you imagine the disappointment? They ruined our weekend with worry, then called us together for THIS announcement?!?!? WTH?
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