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United Drug to cut 300 jobs, 90 in Ireland

United Drug has said it is seeking to cut job numbers at its Irish businesses by just under 100 as part of a cost saving programme.

The company provides services to pharmaceutical retailers and manufacturers and is one of the biggest drug wholesalers in the country.

It said it talking to workers about a restructuring programme which would involve cuts of 10% in its 900-strong workforce in the Republic and a 5% reduction in its worldwide workforce of 4,500. This would mean a total of around 300 job cuts.

United Drug said it also planned to cut salaries and bonuses for management.

Last autumn, the company announced a shake-up of its business structure following a number of acquisitions.