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Archive Home > 2009 > September > 15 > Lilly to cut 14% of staff and trim $1B in costs

Lilly to cut 14% of staff and trim $1B in costs


September 15, 2009

Seeking to cut costs and bring new drugs to market more quickly as its best-sellers go off-patent, drugmaker Eli Lilly & Co. said Monday it will eliminate 5,500 jobs over two years and reorganize into five business units.

The Indianapolis company said it will reduce its work force by nearly....

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