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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: TobagoJack who wrote (62509)	1/22/2007 12:58:28 PM
From: mishedlo	Read Replies (1) of 116555

Pfizer sees 10,000 job cuts by end of 2008 Pfizer Inc. said Monday it plans to cut about 10,000 positions, or 10%, of its total worldwide workforce by the end of next year. This includes the U.S. sales organization reductions announced previously, the New York-based pharmaceutical company said. Pfizer said it plans to close the two manufacturing sites in Brooklyn, N.Y., and Omaha, Neb., and three research sites in the United States. The company said it expects a net reduction in the pretax total expense component of adjusted income of between $1.5 billion and $2 billion by the end of 2008. marketwatch.com

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