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DewDiligence

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Re: jq1234 post# 150065

Wednesday, 10/31/2012 7:01:18 PM

Wednesday, October 31, 2012 7:01:18 PM

Post# of 257253
Lonza cuts 500 jobs:

http://www.reuters.com/article/2012/10/31/us-lonza-idUSBRE89U0GQ20121031

Swiss drugs industry supplier Lonza plans to cut 500 jobs, including 400 at its main plant in southern Switzerland, as it grapples with low-cost competition, a strong Swiss franc, and higher raw material prices.

Perhaps a small number of the eliminated jobs can be attributed to setbacks in the FoB partnership with Teva (#msg-80236315, #msg-34930012).

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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