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Pfizer reveals the restructuring cost of Wyeth buyout

This article was originally published in Scrip

Executive Summary

Pfizer has earmarked staff termination costs of around $4.5 billion for 2009, as the firm outlined plans to cutback its operations worldwide. The company will axe around a tenth of its total workforce as part of the cost-cutting announced in tandem with its $68 billion merger with Wyeth in January.

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