Eli Lilly cuts 5500 jobs
PHARMACEUTICAL company Eli Lily plans to cut 5500 jobs, or 14% of its staff, to save $1b/y up to the close of 2011.
General Motors Corp. said Tuesday it will cut 10,000 salaried jobs, citing the need to restructure itself with a government deadline looming and amid some of the worst sales in the auto industry's history.