Abbott Plans to Cut 1,000 Jobs World-Wide.

The article talks about the plan of Abott Laboratories to remove 1,000 jobs worldwide to ease global manufacturing operations and save costs in its main diagnostics unit in 2008. According to the company, the cut will affect about 10% of its diagnostics work force or 100 employees. Melissa Brotz, the company's spokeswoman, explained that the decision is made to improve the company's profitability and competitiveness.