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Valeant
Allergan – To cut about 1,500 jobs
Allergan Inc., the maker of the wrinkle remover Botox, will cut 1,500 jobs and eliminate another 250 vacant positions as it tries to fend off a hostile takeover from Valeant Pharmaceuticals International Inc. The job cuts, representing 13 percent of Allergan’s global workforce, and further restructuring will lead to savings of about $475 million next … Continue reading
Valeant Pharma ( Bausch & Lomb ) / To cut 10-15 percent jobs
Canada’s Valeant Pharmaceuticals International Inc (VRX.TO: Quote) (VRX.N: Quote), which has offered to buy Bausch & Lomb Holdings for $8.7 billion, said it may slash 10 to 15 percent of the combined company’s workforce. Valeant, which expects to get regulatory nod by early August, said severance plans for the United States and Canada have been … Continue reading
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