BOTOX-MAKER Allergan says it is cutting about 13 per cent of its workforce, or roughly 1500 employees, as part of a push to become more efficient and productive.
THE Irvine, California, company also says it will eliminate about 250 vacant positions.
The company says its restructuring plan will yield annual pre-tax savings of about $US475 million ($A513.93 million) in 2015, but costs tied to it will total between $US375 million and $US425 million.Allergan also says its second-quarter earnings grew 16 per cent to $US417.2 million, or $US1.37 per share. Its revenue also climbed more than 16 per cent to $US1.86 billion.Allergan is fending off acquisition bids from Canadian drugmaker Valeant Pharmaceuticals International in an aggressive takeover battle that has drawn complaints from Valeant over statements Allergan has made about its business.Anda sedang membaca artikel tentang
Botox-maker Allergan to cut 1500 employees
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