Thursday, November 29, 2007

BMS - and now for the bad news

Employees of Bristol-Myers Squibb are bracing for word about the depth and breadth of a new campaign of layoffs and spending cuts.

The New York-based drugmaker, which has about 6,000 workers in New Jersey, has hinted for months the axe is about to fall. It plans to announce the cuts Wednesday at its annual investor meeting in Manhattan.

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