In the wake of losing patent protection on top-selling Actonel, Warner Chilcott is restructuring its European operations and plans to cut 500 jobs in the process. Actonel accounted for 70 percent of Warner’s sales in Western Europe last year, and the drug now faces generic competition in several European countries. The company is aiming to cut costs in the region and refocus its efforts.
State officials have been notified that a northwest Georgia firm is laying off 67 employees at its Rome plant.
The Rome News-Tribune reports that General Aluminum Manufacturing Co. has notified the Georgia Department of Labor that it intends to lay off the employees.
Banca Popolare di Milano aims to cut its workforce nearly 5 percent to reduce costs and improve efficiency, the Milan-based bank said on Tuesday, following approval last week of long-awaited governance changes.