Swiss drugmaker Roche Holding AG (RHHBY) plans to reduce headcount at its production sites by 780 positions over the next two to three years, Chief Financial Officer Erich Hunziker said Thursday.

In a summary of a presentation to investors, Hunziker said this will build on the restructuring of production sites in a program running from 2007 to 2009, which resulted in a 1,152 headcount reduction.

The reduction was the result of various measures taken, including the sale and closure of factories. The overall number also included the addition of new positions as part of a strategic buildup.

The new program will run from 2009 to 2011.

The summary, in which Hunziker also reiterated the company's financial targets, was posted on Roche's Web site.

Company Web Site: www.roche.com

-By Anita Greil, Dow Jones Newswires; +41 43 443 8044 ; anita.greil@dowjones.com

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