This is straight from the 8-K filed with the SEC today:
On October 28, 2014, Amgen Inc. (the "Company") announced the expansion of its restructuring plan that was approved by the Company's Board of Directors on October 17, 2014. This expansion of the Company's restructuring plan will implement additional efficiency initiatives, particularly in the area of shared services, outsourcing and other external expense categories. The Company previously announced its restructuring plan on July 29, 2014.
As part of the expansion of the restructuring plan, the Company will reduce its staffing by approximately 1,100 positions in addition to the previously announced staffing reductions. These additional actions will result in pre-tax restructuring charges ranging between approximately $100 million and $150 million, which are expected to be incurred primarily in 2015.
Together with the previously announced portion of the Company's restructuring plan, the implementation of the restructuring plan with this expansion will reduce the Company's staff in the aggregate by approximately 4,000 positions by the end of 2015.
On October 28, 2014, Amgen Inc. (the "Company") announced the expansion of its restructuring plan that was approved by the Company's Board of Directors on October 17, 2014. This expansion of the Company's restructuring plan will implement additional efficiency initiatives, particularly in the area of shared services, outsourcing and other external expense categories. The Company previously announced its restructuring plan on July 29, 2014.
As part of the expansion of the restructuring plan, the Company will reduce its staffing by approximately 1,100 positions in addition to the previously announced staffing reductions. These additional actions will result in pre-tax restructuring charges ranging between approximately $100 million and $150 million, which are expected to be incurred primarily in 2015.
Together with the previously announced portion of the Company's restructuring plan, the implementation of the restructuring plan with this expansion will reduce the Company's staff in the aggregate by approximately 4,000 positions by the end of 2015.