Novartis today said it plans to eliminate 1,260 jobs from its US sales and marketing unit and replace its head of pharmaceuticals after announcing poor third-quarter earnings results. Joe Jimenez, who joined Novartis in April from Blackstone as head of the consumer healthcare unit, will step in to run the company's pharmaceuticals unit. Jimenez will trade places with Thomas Ebelin, who moves Novartis' smaller consumer unit responsible for OTC, animal medications and contact lenses.
Novartis to cut 1,260 jobs from sales and marketing - Medical Marketing and Media
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