SNY Sanofi

--Sanofi plans to lay off about 670 people in support operations in France, Sanofi executive Guillaume Leroy told AFP. These layoffs will be buyouts.

--At the same time, Sanofi plans to hire 250 more people in bioproduction and digital, AFP reports.

--The move is part of "Horizon 2020," a plan that could affect operations in other large markets such as the U.S. and Germany. Sanofi currently employs about 110,000 people world-wide, 25,000 of which are in France, AFP says.

--The initial steps of the plan had been reported by the Journal du Dimanche, AFP says.

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(END) Dow Jones Newswires

December 05, 2018 11:35 ET (16:35 GMT)

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