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Hospira To Restructure, Lay Off 10%

Hospira, Inc. announced a multi-phased restructuring initiative Project Fuel aimed at improving the company's margins and growth efforts.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Hospira, Inc. announced a multi-phased restructuring initiative Project Fuel aimed at improving the company’s margins and growth efforts. The project aims to increase shareholder value and improve operational efficiency by optimizing its product line, evaluating non-strategic assets and streamlining its organizational structure. During the next 24 months, the company expects to reduce its global workforce by approximately 10% in an effort to cut costs by $110 million to $140 million. Th...

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