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Zoetis (ZTS) May Cut Up to 25% of Workforce Over Next 12 to 18 Months - Conf. Call

May 5, 2015 8:51 AM EDT

(Updated - May 5, 2015 8:54 AM EDT)

Zoetis (NYSE: ZTS) sees cutting 2,000 to 2,500 jobs over next 12 - 18 months., according to the company's Q1 conference call Tuesday morning.

Notably, with its recent 10-K filing, Zeotis said, "As of December 31, 2014, we had more than 10,000 employees worldwide, which included approximately 4,150 employees in the United States and approximately 5,850 in other jurisdictions. Some of these employees are members of unions, works councils, trade associations or are otherwise subject to collective bargaining agreements, including approximately 50 union employees in the United States." That data may be subject to change with its upcoming 10-Q filing.

Shares of Zoetis are indicated higher in premarket trading.



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