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Eli Lilly Reportedly Shuts HK Branch, Lays Off 50 Employees
Eli Lilly and Company (LLY.US) has closed its Hong Kong branch operations for strategic reasons, according to Ming Pao. Product sales in Hong Kong will be handled by distributors, ...
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Eli Lilly Reportedly Shuts HK Branch, Lays Off 50 Employees
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Eli Lilly and Company (LLY.US)      has closed its Hong Kong branch operations for strategic reasons, according to Ming Pao.

Product sales in Hong Kong will be handled by distributors, meaning that about 50 employees will be laid off. The affected staff may seek employment with the distributors.

Related NewsContinuing Jobless Claims for May/23 in the United States is 1,777K, lower than the previous value of 1,785K. The forecast was 1,780K.
Earlier, Eli Lilly and Company had stated that it does not comment on rumors or speculation.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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