AstraZeneca axes another 7,300 jobs

Pharmaceuticals giant AstraZeneca has said it will axe 7,300 jobs by the end of 2014 as part of a fresh round of cost savings.

The company, which has 61,000 staff globally of whom 8,000 are in the UK, axed 12,600 positions between 2007 and 2009 and removed another 9,000 roles by the end of last year.