Novartis to cut 2,500 jobs by 2010
613239
Novartis AG will cut 2,500 jobs worldwide by 2010 in an attempt to save $1.6 billion, the drug maker said Thursday.
336336
BASEL, Switzerland  - Novartis AG's  fourth-quarter net profit fell 42 percent to $931 million, missing forecasts, hit by generic competition and a one-off restructuring charge, the Swiss drugmaker said on Thursday.
568784
MONTREAL (CP) - Bombardier Inc. is cutting 2,200 more jobs in its rail transportation division, bringing the total reductions to 7,600 by April 2006 - or 21 per cent of the division&#39;s workforce.
80691
British pharmaceutical giant GlaxoSmithKline said Wednesday it would cut jobs and costs as it blamed a fall in third-quarter profits on sliding sales of controversial diabetes drug Avandia.
519310
Swiss Re is to cut 2,000 jobs at its Insurance Solutions unit, bought from GE last year, by the end of 2007.
119907
SBC Communications Inc. plans to cut at least 10,000 jobs, or 6 percent of its work force, by the end of next year to compensate for a drop in the number of local-telephone customers.
164666
Pfizer Inc.  said on Tuesday it would cut its U.S. sales force by about 20 percent, or some 2,200 jobs, as part of a comprehensive cost-cutting program.
688269
By JORDAN ROBERTSON, Associated Press writer  SAN JOSE, Calif.  Chip-maker Intel Corp. said Tuesday it will eliminate 10,500 jobs  about 10 percent of its work force  through layoffs, attrition and the sale of underperforming business groups as part of a massive restructuring.
342548
Swiss Re  will cut 2,000 jobs  by 2007, or 17.5 percent of its global workforce, through  layoffs and attrition in the wake of its &#36;7.4-billion takeover  of U.S.-based GE Insurance Solutions, the company said on  Tuesday.
48489
LONDON, December 1  - Bombardier Inc (BBD.B.TOR) announced today plans to cut 2,200 more jobs at its train manufacturing unit, while reducing the production of its 50-seater regional jets, after having reported lower-than-expected third
566812
British pharmaceuticals giant GlaxoSmithKline said Wednesday it would cut jobs and costs, after third-quarter profits slid on poor sales of diabetes pill Avandia and fierce competition from generic drugs.
691390
Boston Scientific Corp. , facing flagging sales for its two key product lines, said late yesterday it will eliminate 2,300 jobs, or 8 percent of its worldwide workforce, restructure parts of its business, and go forward with plans to shed some less-critical assets.
303543
Switzerland's Novartis AG will slash 2.5 percent of its global workforce, aiming for annual savings of $1.6 billion in 2010 and becoming the latest major drugmaker to undertake a severe restructuring.
518823
The worldÂs largest drug company said that it would lay off almost 2,400 employees in what may indicate a wider retrenchment of the drug industry.
706657
NEW YORK -- American Express Co. Friday said it will cut 2,000 jobs, or 2.5 percent of its work force, in a restructuring designed to save more than $75 million a year before taxes.
310308
Two years after opening its global research headquarters in a former Central Square candy factory, the Swiss drug giant Novartis AG said yesterday it will move a second division to Cambridge in an expansion that will make it the city's largest corporate employer.
378316
SBC, the second-biggest US phone company, plans to cut more than 10,000 jobs, or about 6% of its workforce, by the end of next year.