Thursday, August 21, 2008

Layoffs Update: Abbott to Cut 1,000 Jobs

Abbott Labs punctuated the August doldrums today with this SEC filing describing a plan to “streamline global manufacturing operations.” That turns out to be code for closing a manufacturing plant and cutting jobs, Dow Jones Newswires reports.
The plant, in South Pasadena, Calif., is part of the company’s diagnostics business and will close some time in [...]

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