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October 21, 1998

Costa Mesa-based ICN Pharmaceuticals Inc. said its struggling Belgrade unit, Yugoslavia's biggest private employer, will cut its work force by a third because currency devaluations have sapped demand in its main markets and it has stopped selling drugs to the government. The subsidiary, which accounts for about a third of the Costa Mesa company's overall sales, will send home 1,200 of its 3,500 workers by the end of March.

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