February 4, 2009

Allergan plans to lay off 5% of staff

Allergan (NYSE:AGN), the Irvine, California biotech company also said it will lay off approximately 460 employees, or about 5% of its global workforce, primarily in the U.S. and Europe. The company said the restructuring will result in pre-tax charges of between $110 million and $117 million, according to MarketWatch

~News submitted by Ken

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