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To "right-size" what Mylan says is one of the world's largest pharmaceutical plants, the generic drugmaker is laying off about 500 employees in Morgantown, West Virginia. The cuts come during a tough time for the generic industry at large—Mylan included—but ahead of some potentially lucrative launches for the company.
About 3,500 people work at the manufacturing complex now, according to a Mylan spokesperson, and that number will shrink to 3,000 after the cuts. The layoffs will mostly affect employees in operations.
"As the industry has changed and regulatory expectations have continued to evolve, we’ve realized that...