FRANKFURT, March 19 (Reuters) - Swiss drugmaker Roche
has abandoned global targets for a more diverse
workforce to avoid penalties from recent U.S. executive orders,
the latest in a slew of companies to do so.
Among measures taken, Roche said its Chief Diversity Offices
in the U.S. and at its Basel headquarters "will focus on
inclusion and belonging, and responsibilities will be re-scoped
accordingly". Diversity was not mentioned under the Offices' new
remit.
According to a memo to global staff made available to
Reuters, the changes were made to ensure that Roche "can
continue to deliver medicines and diagnostic solutions to
patients".
A number of U.S. companies have been scaling back diversity,
equity and inclusion programmes since U.S. President Donald
Trump declared some elements of DEI illegal and threatened
possible investigations into firms that practice it.
Among companies not headquartered in the United States,
Swiss bank UBS this week scrapped references to
establishing women in management roles and hiring employees from
ethnic minority backgrounds from its 2024 annual report.
Roche said the changes would also take effect outside the
United States "because our global programmes and goals can have
an impact on our US organisations if we are not compliant under
the new law", according to the memo.