Although the New.York-based company declined to offer an exact quantity of jobs to be reduced, Bristol-Myers Squibb announced that they will cut an additional 10 percent its global workforce by 2010, 800 of those effective now.

On December 2007, the Company announced that a 10 percent cut on its workforce, reaching 4.300 position, in order to achieve cost savings of $1.5 billion by 2010. But last July they expanded the cost savings to additional 1 billion dollars by 2012. However yesterday they announced 10 percent reduction on its workforce.

Some analysts believed that the new Bristol amount of employees would be 37.800, while last year the number was 42.000 employees.