Please login to the form below

Not currently logged in
Email:
Password:

Cardinal Health cuts 800 jobs

Ohio-based Cardinal Health is to cut its global workforce by around 800 over the next six months and lose a further 500 positions through normal attrition

Ohio-based Cardinal Health is to cut its global workforce by around 800 over the next six months and lose a further 500 positions through normal attrition.

The company is reducing its workforce in response to the decline in the global economy. In addition, Cardinal Health plans to introduce cost control measures across the corporation. The company expects to spend around $33m on restructuring by September 30, 2009 and a further $24m in the 2010 financial year. This restructure is expected to produce annual savings of around $110m to $130m within two years.

"While many companies have taken similar actions to respond to the current economic realities, these are very difficult decisions because of their effect on our employees and their families," said R Kerry Clark, Cardinal Health chairman and CEO. "However, these measures are necessary to help offset current economic conditions and will ultimately strengthen our businesses for the longer-term."

The $91bn company currently employs more than 40,000 people across five continents. Cardinal Health manufactures medical and surgical products and is one of the largest distributors of pharmaceuticals and medical supplies worldwide.

1st April 2009

Share

Featured jobs

Subscribe to our email news alerts

PMHub

Add my company
Quintiles

With a network of more than 27,000 employees conducting business in approximately 100 countries, we have helped develop or commercialize...

Latest intelligence

Products come and go, but a pharma company’s most valuable, durable asset is its reputation, writes Duncan Mackenzie-Reid and Simon Grist
...
Erik
A quest for innovative solutions
UCB looks to the future through a PRISM...
Big data, privacy and the rise of genomic testing
Blue Latitude Health speaks to Johan Christiaanse, Marketing Director at BGI, to find out how the medical profession can overcome one of the major barriers to precision medicine – big...

Infographics