Pharming Group NV Announces Organizational Restructuring, Cutting 20% of Non-Commercial and Non-Medical Staff to Reduce Costs
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.
Pharming Group NV Announces Corporate Reorganization and Cost Reduction Plan Leiden, the Netherlands, October 6, 2025 - Pharming Group NV has announced a corporate restructuring aimed at accelerating company growth and optimizing capital allocation. The reorganization includes a 20% reduction in non-commercial and non-medical staff, mainly at its Netherlands headquarters, following consultations with its Dutch Works Council. The company expects to reduce general and administrative expenses by 15%, or approximately $10 million annually. One-time restructuring costs of about $7 million are anticipated in the fourth quarter of 2025. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pharming Group NV published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001131775-en) on October 06, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
