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IMS Health to shed 850 jobs

27-Jul-2009

Industry analyst IMS Health will cut 850 jobs over the next 12 to 15 months, including 170 positions at its US operations.

The cutbacks, which were reported by Connecticut Post, are part of a wider restructuring plan the healthcare analysts announced late last week.

The programme, which will also see IMS consolidate its operating units, is designed to generate annual saving of up to $85m (€60m) by 2011.

CEO David Carlucci explained that: “While we planned for lower growth coming into 2009, the accelerating healthcare market dynamics compounded by an economic downturn have caused our customers to significantly rein in their spending.

As a result, we are taking decisive actions to lower our cost structure and better position the business for a return to growth."

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