Abbott cutting 3,000 jobs, mostly in Europe

September 21, 2010 9:15:35 PM PDT
Abbott Laboratories of suburban North Chicago is cutting thousands of jobs.

The company says it will eliminate 3,000 jobs over the next two years.

The move follows its purchase of the Belgium-based Solvay pharmaceutical business.

Most of the jobs that will be eliminated are based in Europe, and almost all of them are part of Solvay's operations.