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Friday, January 13, 2012

Novartis To Cut Nearly 2,000 U.S. Jobs

NEW YORK (CNNMoney) -- The Swiss drugmaker Novartis is cutting nearly 2,000 jobs in the United States, anticipating the impending loss of patent protection on its blockbuster drug Diovan.

Novartis (NVS) said it is reducing its "field force" by 1,630 positions and cutting an additional 330 jobs at its headquarters. Though the company did not specify where exactly these job cuts would take place, its U.S. headquarters is in East Hanover, N.J., and it also has facilities in Massachusetts and California.



Anonymous said...

Never heard of it.

Anonymous said...

they had a huge recall this week, Excedrin, No-dos.