Page last updated at 14:14 GMT, Tuesday, 10 November 2009

Drug firm to cut nearly 100 jobs

Pfizer sign
Research and development is one area where Pfizer has cut spending

Drug maker Pfizer will cut nearly 100 jobs when it closes its research and development sites in Berkshire and Hampshire next year.

Staff were told on Monday that 50 jobs will be axed at its factory in Slough and another 40 in Gosport.

The company said it was restructuring its operations after buying out rival firm Wyeth in January and was reducing the number of its scientists by 15%.

Pfizer's brands include Viagra and cholesterol fighter Lipitor.

The firm said in a statement: "While these changes are expected to bolster productivity and reduce costs, they will result in staff reductions.

"Pfizer is committed to supporting affected colleagues, their families, and the affected communities through this transition."

Print Sponsor

Cost-cutting drives Pfizer profit
20 Oct 09 |  Business
Pfizer agrees record fraud fine
02 Sep 09 |  Business
Pfizer acquires Wyeth for $68bn
26 Jan 09 |  Business
Pfizer considers cutting 240 jobs
14 Jan 09 |  England
Drug firms 'block cheap medicine'
28 Nov 08 |  Business
Over-the-counter Viagra bid ends
20 Nov 08 |  Health

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Americas Africa Europe Middle East South Asia Asia Pacific