Actavis Plc, which this month agreed to buy Allergan Inc. for $66 billion, plans to cut employees and expand in China, executives from the companies said.
Actavis Chief Executive Officer Brent Saunders said there are overlaps in corporate functions, including human relations and finance, though he hasn’t yet quantified how many positions will be eliminated.
“There are clearly synergies,” Saunders said in an interview on Bloomberg Television. “That means we’re going to have do some cutting but we’re going to do that very carefully because these are two growing companies.”
Actavis Chief Executive Officer Brent Saunders said there are overlaps in corporate functions, including human relations and finance, though he hasn’t yet quantified how many positions will be eliminated.
“There are clearly synergies,” Saunders said in an interview on Bloomberg Television. “That means we’re going to have do some cutting but we’re going to do that very carefully because these are two growing companies.”
wake up and smell the coffee
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