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Alexion Restructuring Deemed A Necessary Evil

 
• By John Davis

The painful cuts in the workforce and HQ relocation planned by the new executive team at Alexion may be necessary for the long-term health of the company.

Workman
Restructuring is a difficult process • Source: Shutterstock

Alexion Pharmaceuticals Inc. drew a line under recent disappointing events when it announced a series of changes earlier this week that included moving its headquarters from New Haven, Connecticut to Boston and reducing its workforce by 20%, changes that were cautiously welcomed by analysts but caused dismay in the locations being left behind.

Shares in the US company initially declined to $140 from $142 on Sept. 11, the day the restructuring was announced,...

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