Inside Long Island Business

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Forest Labs begins layoffs as cost-cutting measure

A Forest Laboratories facility on Commack Road in

(Credit: Bloomberg News / Craig Warga)

Forest Laboratories Inc. has begun a cost-cutting effort that could lead to the elimination of 10 to 20 percent of its workforce on Long Island, according to a company spokesman.

The Manhattan-based company, which is known for developing branded prescription drugs, employs more than 600 people in its Commack and Hauppauge locations.

The company spokesman declined to give exact figures...

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