(IIB Photo/Alex Brown)
Posted:
Jan 26, 2021 / 04:40 PM EST
GREENFIELD, Ind. (Inside INdiana Business) Greenfield-based Elanco Animal Health Inc. (NYSE: ELAN) says it will cut about 350 jobs globally as part of an ongoing restructuring effort. The company says the move aims to improve operational efficiency following the $7 billion acquisition of Bayer Animal Health last year.
The news comes about four months after the company announced more than 900 jobs would be cut in a restructuring.
As part of the latest restructuring, Elanco plans to close research and development sites in New Zealand and Germany, as well as reduce “duplication and optimize structures in U.S. operations, marketing, manufacturing and quality central functions, and administrative areas.”
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