Zoetis (ZTS) May Cut Up to 25% of Workforce Over Next 12 to 18 Months - Conf. Call
Get Alerts ZTS Hot Sheet
Join SI Premium – FREE
(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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- EU to Investigate Zoetis (ZTS) Over Possible Breach of Competition Rules - WSJ
- Carnival Corp. (CCL) tops Q1 expectations as booking volumes 'hit an all-time high'
- Equity fund flows positive for fifth month, market broadening expected - Barclays
Create E-mail Alert Related Categories
Guidance, Hot Corp. News, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!