Up to 10% of workforce could be cut by under-fire drugmaker

8 December 2016

Mylan (Nasdaq: MYL) cut could up to 10% of its workforce.

In a Securities and Exchange Commission filing, the Netherlands-incorporated generics major announced that it was embarking on restructuring programs in certain locations in a series of actions which the company anticipated will “streamline its operations globally.”

The reason for the restructuring is to reduce costs and re-align operations after significant mergers and acquisitions activity, the filing states.

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