AstraZeneca has reported a 9 percent rise in net profit for 2008 but announced it will cut 6,000 jobs globally by 2013.
In its full-year results, AZ's net profit in 2008 rose to $6.10 billion from $5.60 billion the year before.
Coupled with the cost-cutting measures announced over the last couple of years, these actions will deliver cost savings of $2.5 billion a year at a total cost of $2.9 billion, the company said.
In total, 15,000 jobs will be eliminated over the five-year period. Link
In its full-year results, AZ's net profit in 2008 rose to $6.10 billion from $5.60 billion the year before.
Coupled with the cost-cutting measures announced over the last couple of years, these actions will deliver cost savings of $2.5 billion a year at a total cost of $2.9 billion, the company said.
In total, 15,000 jobs will be eliminated over the five-year period. Link
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