why AstraZeneca will to cut jobs in 2014

why AstraZeneca will to cut jobs in 2014 : Pharmaceutical group AstraZeneca has announced plans to cut 7,300 jobs as part of a restructuring strategy. The British company expects changes to take effect by 2014, delivering just over £1bn of cost savings per year by then.

In the UK, up to a tenth of the 3,000 research and development workers, who focus on gastrointestinal and heart issues, at AstraZeneca's Alderley Park site in Cheshire will be made redundant.

The nation's second-largest pharmaceutical firm has 61,000 employees worldwide, with 8,000 in the UK. It cut 12,600 positions between 2007 and 2009, with a further 9,000 roles axed by the end of last year. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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