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Published November 30, 2010, 03:02 PM

Swiss drug maker Novartis to cut 1,400 US jobs

GENEVA — Swiss pharmaceutical company Novartis AG says it is cutting 1,400 sales jobs at its U.S. subsidiary.

GENEVA — Swiss pharmaceutical company Novartis AG says it is cutting 1,400 sales jobs at its U.S. subsidiary.

The company says the cuts at New Jersey-based Novartis Pharmaceuticals Corp. will start Jan. 1.

Novartis said in a statement late Tuesday that the move was prompted by expiring patents.

The Basel-based drug maker said the layoffs would be handled in a “fair and respectful” manner and workers affected would be offered support including help finding new jobs.

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