AstraZeneca (AZN -0.7%) intends to cut 1,600 jobs - including 650 in the U.S. - as it focuses...

|About: AstraZeneca Group plc (AZN)|By:, SA News Editor

AstraZeneca (AZN -0.7%) intends to cut 1,600 jobs - including 650 in the U.S. - as it focuses its R&D operations on three major centers at Cambridge in the U.K., Gaithersburg in Maryland, and Molndal in Sweden. The firm will take $1.4B restructuring charges; it is due to present details of its strategy on Thursday. (PR)