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Novartis Restructures, To Fire 2,500

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Novartis has announced a restructuring plan called, “Forward,” to reduce costs and improve efficiencies. According to a company statement, the plan “is expected to simplify working processes and decision making by eliminating layers, concentrating on core activities and systematically capturing growth opportunities, particularly in emerging markets.” This will include firing 2,500 staffers — out of a total of 100,000 — as part of its strategy to generate $1.6 ...

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