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Latest News

Sheep -cloning firm set to cut up to 140 jobs

by Personnel Today 20 Jun 2003
by Personnel Today 20 Jun 2003

PPL
Therapeutics, the company that helped to create Dolly, the world’s first cloned
sheep, is to shed up to 90 per cent of its staff.

The
biotechnology firm announced the move after a project to develop treatment for
lung disorders was dropped by its German partners.

Bayer,
the German drugs giant, put the programme to commercialise the new medicine AAT
– made from the milk of genetically modified sheep – on hold for at least three
years.

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Edinburgh-based
PPL will lay off between 90 and 140 staff. Chief executive Geoff Cook said the
decision had no reflection on "the significant endeavours of our
workforce".

By Michael Millar

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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