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18102018

Pfizer to cut around 2 percent of jobs through early next year

Added by: administrator Business | Comments: 0 | Views: 2 312 |
 

 
Pfizer employs around 90,000 people worldwide.

Pfizer spokeswoman Sally Beatty said job cuts were "creating a simpler, more efficient structure and not achieving cost savings.”


Job cuts were originally reported by CNBC.

The move follows the announcement earlier this month that Albert Burla, Chief Operating Officer, will perform Jan Red as Executive Director in January. The company also added new responsibilities for many of its top managers and hired a new chief specialist officer.

Pfizer shares rose 1.8 percent to $ 44.70 in early trading on the New York Stock Exchange. Its shares rose about 20 percent this year, ahead of the Standard & Poors 500 index, which is about 4 percent in the same period.



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