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News Breaks
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November 6, 2009
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| 08:44 EDT |  | DDSS |
| theflyonthewall.com: | Labopharm to cut 35 jobs, take $1M restructuring charge in Q4 | | The Company announced it is streamlining its operations, eliminating 35 positions. Following the action, Labopharm will have 124 employees, approximately 75 of which will be in research and development positions. The reduction in workforce is expected to result in annual cost savings of approximately $3M. The Company expects to incur a restructuring charge related to the reduction in workforce of approximately $1M in Q4 of 2009. :theflyonthewall.com |
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