business

Takeda moving US headquarters from Chicago area to Boston

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Japanese drugmaker Takeda says it is closing its U.S. headquarters in suburban Chicago with about 1,000 employees and moving its functions to the Boston area.

Takeda spokeswoman Julia Ellwanger said Tuesday that the work currently performed at the offices in Deerfield, Illinois, will gradually shift to Boston after it completes its $64 billion takeover of Ireland-based pharmaceutical company Shire.

Ellwanger tells the (Arlington Heights) Daily Herald that all employees who are based at the Deerfield headquarters will be affected by the closure, although some will receive relocation offers. She says a closure date hasn't been set but that employees should know their status within six months of the completion of the Shire deal.

Shire's U.S. headquarters is in Lexington, Massachusetts.

Ellwanger says Takeda's move will simplify its U.S. operations.

© Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

©2018 GPlusMedia Inc.

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