Restructuring program to sweep pharmaceutical industry

Published: 2011-12-09 06:57:00

Updated: 2011-12-09 06:57:00

Several Korean drug companies plan to carry out a mass-scale restructuring program to cut the size of its manpower amid mounting uncertainty due to the government’s pressure to cut drug prices, the Federation of Korean Chemical Workers’ Union (FKCU) said Wednesday.

In a meeting with Health and Welfare Minister Rim Che-min indicated Wednesday, FKCU officials said that these drug firms have tu...

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