Drug maker Novartis said today it's planning to eliminate 2,000 jobs in Switzerland and the United States in response to falling drug prices.
The Swiss company did not specify how the cuts would affect its operations in North Carolina, where the company employs 960 people in Holly Springs, Wilson and Greensboro.
The pharmaceutical company blamed declining reimbursements from government employers for the cuts, which are expected to take place in the next five years. At the same time, Novartis plans to fill hundreds of positions in India and China.
For more details, see the Associated Press story here.
Novartis employs about 300 at its Holly Springs flu vaccine plant. The company makes generic medications in Wilson and animal health products in Greensboro.