Actavis Eliminates 300 Jobs in Iceland

300 jobs in Iceland are on the line as global pharmaceutical company Actavis decides to relocate its manufacturing operations abroad.

Staff were informed yesterday of the company’s decision, which involves final closure of the Icelandic factory in mid-2017. According to Actavis, the rationale behind the move is to streamline operations and guarantee the company’s competitiveness on the international stage.

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