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Zoetis lowers 2015 revenue outlook

2015-05-06 11:54:28| Biotech - Topix.net

Animal-health company Zoetis Inc. announced plans Tuesday to cut $300 million in costs, including laying off at least 20% of its 10,000 employees, as it reported flat revenues in the first quarter. The company said it would shutter 10 manufacturing plants, eliminate layers of management and abandon some of its 300 product lines that aren't selling well.

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Category:Biotechnology and Pharmaceuticals

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