Healthy Skepticism Library item: 12309
Warning: This library includes all items relevant to health product marketing that we are aware of regardless of quality. Often we do not agree with all or part of the contents.
Publication type: news
IMS Health to Cut 10 Percent of Staff, Take Charge
Therapeutics Daily 2008 Jan 4
http://www.therapeuticsdaily.com/news/article.cfm?contentValue=1669651&contentType=sentryarticle&channelID=33
Abstract:
IMS Health Inc said on Friday it will cut 10 percent of its work force, or about 1,050 jobs, as part of a cost-cutting plan and take a pretax charge of $86 million to $90 million in the fourth quarter of 2007.
IMS said the restructuring “in response to healthcare marketplace dynamics” is expected to be complete by the end of 2008.
Once the program is implemented, IMS expects to generate $55 million to $60 million in annual savings, beginning in 2009.
The Norwalk, Connecticut, company, which provides market data on prescription …
