AstraZeneca to cut 7,300 jobs, predicts lower earnings in 2012 - UPDATE

Pharmaceuticals giant AstraZeneca has reported a strong rise in earnings in 2011 but, in an attempt to "enhance productivity" and reduce costs, the company has revealed it will by making 7,300 job cuts.

Pharmaceuticals giant AstraZeneca has reported a strong rise in earnings in 2011 but, in an attempt to "enhance productivity" and reduce costs, the company has revealed it will by making 7,300 job cuts.

Shares fell 1.5% to 3,043.5p in early trading on Thursday.

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