AstraZeneca announced that it will cut its global workforce by approximately 7300 positions in an effort to deliver a further $1.6 billion in cost savings by the end of 2014. According to AstraZeneca, approximately 3750 positions will be affected by the programme across its selling, general and administrative functions, with a further 2200 jobs being cut from its R&D operations but CEO David Brennan noted we remain committed to a long-term, focused, R&D based strategy. Ha ? Continue reading
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