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Provider: Thomson Reuters Stock Report
Provider: Stock Traders Daily
Provider: New Constructs, LLC
Provider: MacroRisk Analytics/EconomicInvestor

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Eli Lilly And Co To Cut 1,000 U.S. Sales Jobs-Reuters

Saturday, 13 Apr 2013 11:06am EDT 

Reuters reported that Eli Lilly And Co plans to lay off about 1,000 domestic sales representatives, or 30% of its U.S. sales force, as it faces new generic competition for its top drugs. The cuts include both full-time and contract sales employees. Lilly has 38,000 employees worldwide and about 17,000 in the United States. Lilly confirmed in a statement that it is restructuring its sales force to adapt to changes including the expiration of two patents, and said it would expand its diabetes sales force. The news was first reported by the Associated Press and other outlets. 

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