A move the article states to allow for more money for R and D...BD
NEW YORK (Reuters) Nov 30 - Bristol-Myers Squibb Co. said on Friday it has begun cutting jobs as part of a previously announced restructuring by the U.S. drugmaker meant to help bolster earnings growth. "Over the next few weeks we are informing employees at some of our sites that their positions are being eliminated," company spokesman Jeff Macdonald said. Some employees have already received notices, he said. Macdonald declined to say how many of the company's 43,000 employees around the world are losing their jobs, or what regions are most affected. Details on the company's so-called "productivity transformation" will be presented on Dec. 5 at a meeting with industry analysts, he said.
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