Market News / Story
Pfizer to close penicillin unit, cut around 330 jobs in Italy
Seeking Alpha ·
Seeking Alpha reports: Pfizer plans to cut around 330 jobs at its Catania plant in Sicily as part of a restructuring that includes the closure of its penicillin department, according to Italy’s three main chemical and pharmaceutical-sector unions, Filctem CGIL, Femca CISL, and Uiltec UIL. The cuts would affect about 60% of Catania's 550 employees, with the penicillin unit expected to close by December, the unions said following an October 6 meeting with Italy’s Ministry of Enterprises and…