Pfizer Inc. To Phase Out Groton Manufacturing; Eliminating About 300 Jobs

GROTON, Conn. (AP) -- Pfizer Inc. said Tuesday it will phase out its manufacturing operations in Groton by the end of 2008, eliminating about 300 jobs. The 50-acre site is also home to the drugmaker's growing research and development operations. The Groton and New London campuses are Pfizer's largest research sites, employing nearly 6,000 people. The move is part of a restructuring announced last year by the New York-based company. Pfizer has a global work force of 106,000 and said it expects to save $4 billion by 2008 with all of the changes.

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