British-Swedish biopharmaceutical AstraZeneca to cut 2,300 jobs

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The British-Swedish biopharmaceutical group AstraZeneca announced on Thursday that it would cut 2,300 jobs in sales and administration.

According to Swedish daily Dagens Nyheter (DN), the job cuts were part of a wide cutback which would shed over 5,000 jobs from within the company in the next three years.

AstraZeneca hopes that by laying off its personnel it could invest in d be cut in Sweden.

Astra Zeneca was formed in 1999 through the merger of Astra AB of Sweden and Britain's Zeneca Group PLC. Endi

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