PIMCO Tactical Income Units Class A T.PTI

This should help.

[mark5698]

Patheon to cut costs in U.K. by reducing work force Patheon Inc (TSX:PTI) Shares Issued 51,505,822 Last Close 7/13/2004 $10.37 Wednesday July 14 2004 - News Release Mr. Robert Tedford reports PATHEON INC. ANNOUNCES SWINDON, UK REPOSITIONING PLAN Patheon Inc. has adopted a repositioning plan at its Swindon, U.K., facility, designed to reduce operating losses at the site in 2005 and lead to profitability in fiscal 2006. The repositioning plan includes both a reduction in the work force and a reorganization of production processes. The site will focus on sterile pharmaceutical manufacturing, including both aseptically filled and terminally sterilized liquids, and cephalosporin antibiotic products. There will be a reduction in the site's commercial operations work force of approximately 60 positions, representing about 11 per cent of the site's total work force. It is expected that most, if not all, of the proposed reduction will be achieved on a voluntary basis. The program was announced to the Swindon employees earlier today. The company expects the work force reduction program to be completed by Oct. 31, 2004. The cost of this repositioning plan is estimated to be $5-million (U.S.) on a pretax basis, or approximately seven cents per share, which will be recorded in the third and fourth quarters of the 2004 fiscal year. "Swindon is an excellent sterile manufacturing site and we are confident that it can continue to be a strategic asset in Patheon's global network," said Robert Tedford, chief executive officer of Patheon. © 2004 Canjex Publishing Ltd.