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Novartis to Cut up to 8,000 Jobs World-Wide

Swiss pharmaceutical big Novartis stated it plans to shed as many as 8,000 jobs globally, together with 1,400 in Switzerland, as a part of a previously disclosed restructuring plan aimed toward saving some $1 billion in prices.

The cuts would have an effect on 7.4% of Novartis’s jobs globally and 12% of its Switzerland-based staff, the corporate stated in a press release. Novartis employs some 108,000 individuals globally and 11,600 in Switzerland. The firm stated in a press release that the brand new construction would “accelerate growth, strengthen pipeline and increase productivity.”

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