Wyeth, Schering-Plough scale down

June 2008
Pharmaceutical Representative;Jun2008, Vol. 38 Issue 6, p10
The article offers news briefs related to the pharmaceutical industry in New Jersey. Wyeth plans to reduce about 6% of its workforce by the end of 2008 as part of its strategic program called Project Impact. Schering-Plough Corp. aims to save $1.5 billion per year in its productivity transformation program. Fred Hassan, chairman and CEO of Schering-Plough, states that the company will not implement across-the-board cost-cutting and will avoid unwise short-term actions.


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