Monday, May 18, 2009

Alliance Boots - wholesale cuts

Alliance Boots Britain's biggest pharmacy chain, posted an 11.6 percent rise in full-year profit and said it had performed well in its new financial year, defying a recession that has hit many of its retail rivals.

But the group, which employs over 110,000 people worldwide, said on Monday a restructuring of its pharmaceutical wholesale division would result in about 1,500 job losses.

More at Reuters

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