Massachusetts Spared Novartis Cuts

12/13/07

Novartis (NYSE: NVS) today unveiled a plan to cut some 2,500 job but—despite an ominously worded reference to to the Novartis Institutes for BioMedical Research, which employs 1,300 people in Cambridge, MA—there will be no Massachusetts jobs lost. This according to the Boston Business Journal‘s Mark Hollmer, who writes that some 300 additional Novartis jobs in the state are safe as well.

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