USA: CVS makes further redundancies and plans to split retail and health insurance businesses

Featured image of the article USA: CVS makes further redundancies and plans to split retail and health insurance businesses

An article by Sophie Baqué

Publication

4 October 2024 à 16h05

Updated on 14 October 2024 à 11h38

Reading time

2 minutes

Publication: 4 October 2024 à 16h05, Updated on 14 October 2024 à 11h38

Reading time: 2 minutes

An article by Sophie Baqué

Publication

4 October 2024 à 16h05

Updated on 14 October 2024 à 11h38

Reading time

2 minutes

Publication: 4 October 2024 à 16h05, Updated on 14 October 2024 à 11h38

Reading time: 2 minutes

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According to CNBC, drugstore retailer CVS Health (sales of US$357.8 billion in 2023, up 10.9%, net margin at 2.3% of sales) has hired consultants to carry out a strategic review of the business. Following in the footsteps of rivals Walgreens and Rite Aid, and cut of 5,000 jobs in 2023, the group headed by Karen Lynch is going to make 2,900 further redundancies, including administrative jobs and store staff. The options include splitting up the less profitable retail business and health...

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Featured image of the article Sophie Baqué

Sophie Baqué

Featured image of the article Sophie Baqué

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