Thursday, January 29, 2009

Sepracor separate from a fifth of its people

Sepracor, the maker of the Lunesta sleeping pill, said it will cut 530 jobs, or about 20 percent of its workforce.

The Marlborough, Massachusetts-based company plans to eliminate 180 corporate and 350 field-based positions, reducing operating expenses by $210 million through the end of 2009, Sepracor said today in a statement on Business Wire. The company also will eliminate about 410 contract sales positions, according to the statement.

More at Bloomberg

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