Tag Archives: Cuts

Warner-Chilcott's Cuts in Europe — Good News for US?

By Julian Upton | Published: April 27, 2011
Any company announcing plans to ‘restructure’ and ‘repurpose’ itself tends to send out tremors across the industry, but for US employees of Dublin-headquartered Warner-Chilcott — the latest firm to use these tried and tested euphemisms — this could fuel a sigh of relief.
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The High Cost of Staying Lean

By William Looney | Published: April 13, 2011
It’s annual meeting time for Big Pharma — and trimming the fat to deliver more bacon to shareholders is the C suite’s preferred plat du jour. But taking costs out of the business can carry a staggering special supplement charge to the menu, with far more at stake than the economizing equivalent of that McDonald’s [...]
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The Pain in Spain

By Guest Blogger | Published: February 16, 2011
The pain of the Spanish drug-spending squeeze extends way beyond the plain, says Reflector. The cries of anguish at Spanish drug-spending squeezes are coming not only from Madrid, but from many of the autonomous regions around the periphery of the country too. After almost a decade of continual disruption and downward pressure on pricing, the medicines industry [...]
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2010: A Year of Big Layoffs for Big Pharma

By Jennifer Ringler | Published: October 19, 2010
What are the factors that are contributing to the layoffs that have taken place at virtually all the Big Pharma companies this year? According to the newly released Job-Cut Announcement Report from outplacement consultancy firm Challenger, Gray & Christmas, pharma has cut more than 6,000 jobs in September alone, and more than 43,000 so far this [...]
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Judgment Day for Pfizer Factories

By Oriana Schwindt | Published: May 19, 2010
For once, pharma sales reps and R&D guys can breathe a sigh of relief. The latest round of industry layoffs comes from Pfizer, but this time it will affect the manufacturing force, which will be downsized by 6,000 employees by 2015. In 2006, the company announced plans to save $4 billion to $5 billion, and after [...]
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