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Pfizer confirms 330 layoffs at Catania plant in Italy

Original: pfizer

Pfizer has confirmed it is cutting 330 jobs at its plant in Catania, Sicily, with the closure of the penicillin production department also going ahead, according to unions. The pharmaceutical company announced the redundancies despite union opposition, and the cuts are drawing attention in Italy alongside news of a fresh analyst upgrade and Pfizer's long record of consecutive dividend payouts.

Why now: Confirmation of 330 redundancies at the Catania site has reignited public and union concern over the plant's future.

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