Pfizer plant in Australia set to be axed

Pfizer ($PFE), which has been shedding plants around the world, has targeted another one. The U.S. drugmaker will close a plant in Sydney, Australia, in 2015, whacking 140 jobs. Workers were told that Pfizer needs less capacity as it moves toward more targeted drugs. In May it agreed to sell a plant in Bristol, TN, and it has announced cuts in Ireland, although it also recently said it will expand a couple of facilities there. Report | More