Pfizer focus on costs to deliver another $1.5 billion in savings
A new cost-cutting campaign from New York-based Pfizer (NYSE: PFE) demonstrates the intensity of the firm’s focus on ensuring operational efficiencies.
The company has already announced a rationalization and “realignment” program, which is in full swing and on track to deliver around $4 billion in savings by the end of this year.
Pfizer has now said it will engage in a separate, “multi-year program” to reduce the cost of goods sold, targeting operational efficiencies, network structure changes, and product portfolio enhancements.
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