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Up To 9,000 Jobs At Risk As Viatris Kicks Off $1bn Restructuring Scheme

Fifteen Manufacturing Sites Affected By Worldwide Initiative

 
• By Dean Rudge

With a goal of reducing its cost base by at least $1bn by 2024, Viatris has delivered plans to significantly restructure its global manufacturing network. Up to 20% of Viatris’ 45,000-strong workforce could be impacted by the initiative which will see the firm close, divest or downsize 15 of its manufacturing plants around the globe.

Globe
Viatris' global restructuring includes sites in the US, Ireland, Puerto Rico and India. • Source: Shutterstock

Viatris promised a significant restructuring when its two component companies, Mylan and Pfizer’s Upjohn, completed their merger last month, and it has delivered.

Up to 20% of the company’s workforce, or up to 9,000 jobs, are set to be impacted by the closure, divestiture or downsizing of 15 of

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