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By Ian Walker Pfizer plans to stop Pharmaceutical Sciences Small Molecule operations at its site in Sandwich, Kent, England with the loss of around 500 jobs....
The U.S. drugmaker announced the cost-cutting program in October after slashing its full-year revenue forecast due to lower-than-expected sales of its COVID-19 vaccine and treatment. The demand slump also pushed the company to post its first quarterly loss since 2019. Pfizer, which employs roughly 83,000 people globally, has not disclosed how many jobs will be affected by the cost-reduction program.
Pharmaceutical giant to stop key operations at Kent facility in cost cutting effort