*
News comes after layoffs announced on Wednesday
*
Other companies, US administration have scrapped home
working
*
Novo employees can still make individual arrangements
COPENHAGEN, Sept 11 (Reuters) - Wegovy-maker Novo
Nordisk said on Thursday it had told all its staff to
return to the office as the drugmaker's new CEO tries to
accelerate decision-making and improve its commercial execution
amid intense competition in the obesity drug market.
Novo on Wednesday said it would cut 9,000 jobs after sales
growth had stalled and shares had slumped, knocking $450 billion
off the company's market cap since the middle of last year, as
it faces competition from U.S. rival Eli Lilly ( LLY ) and a
wave of compounded copycat drugs.
"This is designed to foster a stronger sense of belonging,
strengthen relationships, enhance collaboration and accelerate
decision-making processes," the company said in a statement.
The company declined to comment on what its previous
work-from-home policy was. According to Danish news agency
Ritzau, there were no general guidelines on working from home
prior to Thursday, and rules varied from one country and
department to another.
The chair of Danish trade union HK Privat, which organises
administrative staff and laboratory technicians at Novo Nordisk,
said he was surprised that Novo had discontinued its
work-from-home policy.
"Working from home and a vibrant office culture are not
necessarily mutually exclusive," Kim Jung Olsen said in a
statement.
"It is unfortunate for the many employees who have enjoyed
being able to work from home from time to time that management
has not managed to make this work at Novo Nordisk."
Novo's request comes after other companies have abandoned
work-from-home policies.
In January, JPMorgan Chase asked employees to return to the
office five days a week starting in March, while U.S. President
Donald Trump has ordered federal workers back to the office.
Amazon ( AMZN ) and others already asked staff to return to the office
late last year.
Novo said it would still be possible for employees to make
individual agreements with their managers, leaving some room for
flexibility to ensure that both personal and business needs were
met.