Drugmaker Eli Lilly to cut 3,500 jobs.
US drugmaker Eli Lilly plans to lay off more than 8% of its global staff and close several facilities in an attempt to reduce costs.
Most of the 3,500 job cuts are expected to come via an early retirement programme for US workers, it said. Eli Lilly said it expected the new round of layoffs to be completed by the end of the year. About 2,000 of the cuts are expected to be in the US.
The company is also consolidating work, shifting production from a Larchwood, Iowa manufacturing plant and closing research and development offices in New Jersey and Shanghai, China. BBC News