BUSINESS

French drugmaker Sanofi-aventis lays off 100 in Montreal

01/11/2012 06:48 EST | Updated 03/12/2012 05:12 EDT
LAVAL, Que. - About 100 people are being laid off by French pharmaceutical company Sanofi-Aventis in the Montreal area.

The layoffs at a research-and-development centre in suburban Laval are part of an ongoing restructuring by the global drug maker.

The company cited reasons including a desire to better integrate Genzyme, a biotech company acquired last year for more than US$20 billion.

The layoffs are more bad news for Montreal's pharmaceutical industry, one day after Johnson & Johnson announced the closure of its research centre and the layoff of 126 workers.

About 1,700 people work for Sanofi's Canadian division.