6:14 PM
Dec 05, 2012
 |  BC Extra  |  Company News

AZ planning job cuts in Germany

AstraZeneca plc (LSE:AZN; NYSE:AZN) said it plans to reduce headcount by about 400 (39%) to about 625 in Germany, citing the country's mandatory 16% drug rebates and pricing freeze, changes in the pharma's product portfolio and delays in R&D. The planned cuts would come primarily from the pharma's sales force and internal support staff. An AstraZeneca spokesperson said the cuts...

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