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| Firm closes with 1,200 job losses | Firm closes with 1,200 job losses |
| (about 1 hour later) | |
| One of Leicestershire's major employers is to shut its operation with the loss of almost 1,200 jobs. | One of Leicestershire's major employers is to shut its operation with the loss of almost 1,200 jobs. |
| Managers at AstraZeneca's research facility on the outskirts of Loughborough met staff to discuss their future on Tuesday. | Managers at AstraZeneca's research facility on the outskirts of Loughborough met staff to discuss their future on Tuesday. |
| The firm announced 8,000 worldwide redundancies in January, following more than 12,000 posts going as part of earlier efficiency plans. | The firm announced 8,000 worldwide redundancies in January, following more than 12,000 posts going as part of earlier efficiency plans. |
| Over the past 10 years more than £100m has been spent developing the site. | Over the past 10 years more than £100m has been spent developing the site. |
| The centre has been involved in developing new treatments for conditions such as asthma, bronchitis and emphysema. | The centre has been involved in developing new treatments for conditions such as asthma, bronchitis and emphysema. |
| January's announcement said restructuring would include 3,500 research and development posts being cut worldwide. | January's announcement said restructuring would include 3,500 research and development posts being cut worldwide. |
| Nick Carter, chairman of the Prospect in Leicestershire, the regional economic development company, said, "This is desperately sad news for the workers of AstraZeneca and a grim day for Loughborough. | |
| "We will be working with Charnwood Borough Council, other organisations and local Mps to see what can be done to minimise the impact on the local economy and to find new ways of bringing employment to the area." | "We will be working with Charnwood Borough Council, other organisations and local Mps to see what can be done to minimise the impact on the local economy and to find new ways of bringing employment to the area." |