Hospira to cut workforce 10 percent, sees divestitures
Hospira Inc
Speaking at the JP Morgan Healthcare Conference, Chief Financial Officer Thomas Werner repeated the restructuring plan, first unveiled in March, saying that additional savings would be funneled into research and development.
We expect we can overachieve, he said.
Werner said the Lake Forest, Illinois-based company would also look at divesting non-core businesses in its effort to become more streamlined and efficient.
(Reporting by Debra Sherman; editing by Andre Grenon)
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