Piramal Healthcare to shut down drug discovery division in Mumbai | dnaindia.com
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In a move which could put around 150 scientists in a spot, Piramal Healthcare has decided to shut down its drug discovery and Goregaon-based research division in western suburbs of Mumbai.
The scientists have been asked to relocate to other units across India which are based in Chennai, Hyderabad, Ahmedabad, Indore or Prithampura.
“Alternatively, if they are not willing to shift to other locations, we are offering them a voluntary option to quit along with giving them adequate compensation,” said Swati Piramal, vice chairperson, Piramal Enterprises Ltd. Whether the scientists quit or stay on will be known over a period of over two to three weeks, she said.
The move comes in the light of restructuring and consolidating research facilities within the country. The research division was running into losses for last two years…
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