PFE Pfizer Inc

--Pharmaceuticals company Pfizer Inc. (PFE) said Wednesday it intends to reduce its workforce across the globe, CNBC reports, citing "materials outlining the workforce reduction program obtained by CNBC."

--The company said the reductions would equal about 2% of the company's workforce and would come about as the result of voluntary retirements and layoffs, Reuters reported.

--Employees have until November 2 to opt for an early retirement program, which will see them leave by Dec. 31 unless their manager requests otherwise, CNBC said.

Full stories:

https://www.cnbc.com/2018/10/17/pfizer-offers-early-retirement-ahead-of-layoffs-in-memo-to-employees.html

https://www.reuters.com/article/us-pfizer-jobs/pfizer-to-cut-around-2-percent-of-jobs-through-early-next-year-idUSKCN1MR2MA

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

October 17, 2018 14:32 ET (18:32 GMT)

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