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Lilly targets savings of $1 billion with pharma revamp and job cuts
15 September 2009
Christopher Spillane
Lilly is to cut nearly 14% of its workforce and overhaul its operating structure as it begins to negotiate US healthcare reform and a wave of patent expiries. The firm will axe 5,500 jobs to outmanoeuvre "unprecedented challenges" facing the pharmaceutical industry.
Yesterday, chairman and CEO...



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