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Lilly Restructures

To cut global workforce by approximately 3,500

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By: Kristin Brooks

Managing Editor, Contract Pharma

Eli Lilly and Co. plans to streamline operations that will result in global workforce reductions impacting approximately 3,500 positions. The company expects annual savings of approximately $500 million that will begin to be realized in 2018. Lilly expects the majority of the positions eliminated to come from a U.S. voluntary early retirement program. The program will be mostly complete by December 31, 2017.  Remaining positions will come from other anticipated workforce reductions, includi...

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