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AMRI Restructures U.S. Ops, Expands in Asia, Europe

AMRI has plans to restructure its U.S. operations and to expand its services in Asia and Europe.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

AMRI has plans to restructure its U.S. operations and to expand its services in Asia and Europe. Cost reduction initiatives for U.S. operations are aimed at saving approximately $7 million in 2010 and $10 million beginning in 2011. The U.S. workforce will be reduced by approximately 10%, or an estimated 80 jobs. Operations at the company’s research lab facilities in Rensselaer, NY, will cease.The company will record a restructuring charge of $3-5 million as a result. The company also anticipates...

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