Volume 95 Issue 36 | p. 10 | News of The Week
Issue Date: September 11, 2017 | Web Date: September 7, 2017

Lilly to cut jobs, close R&D sites

Some 3,500 positions will be shed amid latest research shake-up
Department: Business
Keywords: Pharmaceuticals, Lilly, jobs

Eli Lilly & Co. is making deep cuts to its research engine as its new CEO tries to right the course of what some industry experts see as a wayward ship. The firm will shed roughly 3,500 jobs, more than 8% of its workforce, and shut down two research sites.

More than half of the job cuts will come from the U.S., many through a voluntary early retirement program, Lilly says. Research sites in Bridgewater, . . .

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