As reported by Anna Marie Kukec Daily Herald

Abbott Laboratories, which plans to separate into two companies, said it cut 550 jobs globally today — including about 100 from its headquarters in Libertyville Township and an office in Des Plaines. “Several hundred” more layoffs are expected by next year worldwide, the company said.

Affected employees were told despite the company posting its third-quarter profits that beat analysts’ estimates on higher sales of the rheumatoid arthritis injection Humira.

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source: http://www.dailyherald.com/article/20121017/business/710179809/

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