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NOVARTIS JOB CUT
Global drugmakers rush to boost US presence as tariff threat loomsGlobal drug companies are boosting U.S. production and stockpiling medicines. This is a response to potential tariffs on branded drugs. Com...- European shares flat as healthcare gains counter broader market weaknessEuropean shares were flat on Wednesday, with gains in heavyweight healthcare stocks offsetting the decline in the broader market, as invest...
- Roche to invest $50 billion in US to avoid Trump tariffs, create 12,000 jobsSwiss pharmaceutical giant Roche announced a $50 billion U.S. investment to expand R&D and manufacturing, countering Trump-era tariffs and ...
- Job Market Turmoil: European companies cut to the chase with layoffsRising inflation and the war in Ukraine have led European companies to freeze hiring or cut jobs. Key organizations such as TSB, PKP Cargo,...
- Novartis to cut 680 jobs in product developmentAround 440 jobs will go in Switzerland and up to 240 in the United States over the next two to three years, the Basel-based company said. T...
- European shares dip as investors await cues on policy outlookBasic resources was the worst-hit sector, down 1.7% on weakness in most metals. Construction and material, financial services and technolog...
- Novartis to slash up to 8,000 jobs globallyNovartis said in an emailed statement it had made good progress in implementing its new organisational structure that involved integrating ...
- Novartis to cut 2,200 jobs in Switzerland to boost profitabilityNovartis will cut about 2,200 jobs in Switzerland over the next four years as it consolidates production and shifts positions elsewhere to ...
- 4 Ranbaxy execs quit as Sun Pharma wraps up rejigSun Pharma MD Dilip Shanghvi had told TOI the company will "use and nurture the talent" of Ranbaxy, and "is not considering any job cuts".
- Six triggers that changed your market while you were sleepingStocks have made a smart comeback; thanks to Yellen! It’s RBI policy review day and Rexit on everyone’s mind. Elsewhere, things are getting...
- Switzerland pushes for minimum wage of $25 per hour, maximum in the worldThe Swiss proposal would be counter-productive: “Unemployment among the unskilled is rising. The solution can’t be to make them more expens...
- MNCs announce 71,000 job cuts globally by more than a dozen multinationalsCompanies to have confirmed massive job cuts include HP, Nokia, Sony Corp, Yahoo, PepsiCo, Royal Bank of Scotland and airline firm Lufthans...
- J&J shows door to 80 execs; most jobs cut at mid-management levelJohnson & Johnson has laid off up to 80 mid-to-senior-level execs.
- Novartis looks to buy out Alcon for $38.5 bnDrug maker Novartis AG said Monday it plans to take over Alcon Inc. by paying $38.5 billion for the 77 percent stake.
- Companies back on the hunt, rev up hiring in AprilApril seems to have activated the hiring process in the economy after a dismal quarter that witnessed a proliferation of pay cuts and pink ...
- Novartis posts 62% rise in 4Q net profitDrugmaker Novartis AG reported a 62 per cent rise in fourth quarter net profit on Wednesday, helped by steady sales growth and the absence ...
- Global Pharma Inc on hiring spree hereGlobal pharma companies may be slashing jobs but their Indian subsidiaries are hiring. US-based Merck, which set shop in India a year ago, ...
- Novartis to cut 2,500 jobs worldwide by 2010Novartis AG will cut 2,500 jobs worldwide by 2010 in an attempt to save $1.6 bn, the drugmaker said in becoming the latest major pharmaceut...
- Swiss drugmaker Novartis to cut 2,500 jobsSwiss drugmaker Novartis said plans to cut 2,500 jobs in a restructuring programme aimed at generating yearly cost savings of 1.6 billion d...
- Nestle plans to cut M&A spendingNestle, the world’s largest food company, is cutting its annual budget for acquisitions to $1.7 bn after spending $8 bn this year.
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