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Allergan restructuring will result in cuts of 450 employees, including COO Haugen.

This article was originally published in The Tan Sheet

Executive Summary

ALLERGAN RESTRUCTURING TO RESULT IN CUTS OF 450 EMPLOYEES, including 15 of the top 80 positions in the corporation, Allergan told analysts at a June 3 meeting. Among the positions being eliminated is chief operating officer; COO Richard Haugen is resigning effective June 30. The company also is consolidating manufacturing capabilities with the closure of several facilities.

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