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Spain’s Grifols Takes Restructuring Route After COVID Challenges

Over 2,000 Jobs To Go In US

 
• By Kevin Grogan

The Barcelona-based company is making major cuts to its headcount in a bid to save €400m and support its operational recovery after the significant impact of the pandemic to Grifol’s plasma business.

severing ties and boycott concept
• Source: Shutterstock

Grifols, S.A. is the latest biopharma company forced to cut its cloth to suit the straitened times the sector is suffering, with the Spanish plasma powerhouse unveiling plans to axe 8% of its workforce, with the US taking the brunt.

The Barcelona-headquartered group has announced a "comprehensive operational improvement plan" designed to save €400m. All of the cost-saving measures should be in place by the end of the year but...

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