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Bristol-Myers to Slash Jobs, Shut Plants

Drugmaker shrinks, says expiring patents will cut profits

By Nick McMaster,  Newser Staff

Posted Dec 5, 2007 6:09 PM CST

(Newser) – Bristol-Myers Squibb said today it will lay off 10% of its work force—totaling 4,300 jobs—and close or sell half its 27 factories in a plan to save $1.5 billion by 2010, the Wall Street Journal reports. The firm also will sell...   Read full story »

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