Novo cutting 1,000 jobs

Novo Nordisk A/S (CSE:NVO; NYSE:NVO) said it plans to reduce its workforce by about 1,000 employees as part of an effort to reduce operating costs.

The company currently has 42,300 positions globally, and expects about half the cuts to occur in Denmark. The reductions are to affect R&D units, headquarters staff and the company's global commercial organization. ...