Company Threatens to Cut Jobs at Two Factories in France
Bristol-Myers Squibb, BMY +0.91% the New York-based drug maker, is threatening to cut jobs at its two Agen factories, where a range of paracetamol painkillers are made, after the French government unveiled plans to push for wider use of cheaper generic versions.
The government may announce its final decision as early as Thursday, according to union representatives.
“It is a stab in the back,” says Christian Dumon, 59 years old,who has worked at the Agen facility for nearly three decades. “If the plant shuts down, we’re dead. There is nothing else here.”
By NOÉMIE BISSERBE