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AstraZeneca Slashes Jobs

Published torsdag 28 januari 2010 kl 16.29
Swine flu vaccine sold well

The Anglo-Swedish pharmaceutical company AstraZeneca announced Thursday it is cutting 8000 more jobs over the next three years.

This comes despite an increase in net profits by almost a quarter during 2009, to more than 7.5 billion dollars. Revenues were aided by sales of swine flu vaccine.

Continuing its cost-cutting program, AstraZeneca says it hopes to deliver annual savings of 1.9 billion dollars over the next four years.

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