Pharming Group NV Announces Organizational Restructuring, Cutting 20% of Non-Commercial and Non-Medical Staff to Reduce Costs
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Pharming Group NV has announced a corporate restructuring plan to enhance growth and optimize capital allocation. This includes a 20% reduction in non-commercial and non-medical staff, primarily at its Netherlands headquarters, following consultations with the Dutch Works Council. The company aims to cut general and administrative expenses by 15%, approximately $10 million annually, with one-time restructuring costs expected to be around $7 million in Q4 2025.
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