Tag Archives: layoffs
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.
By Julian Upton | Published: November 17, 2010
So, Roche is the latest industry giant to announce seismic job cut plans — 6 percent of its global workforce — or 4800 jobs — will go by 2012. The Swiss company aims to generate annual cost saving of 2.4 billion Swiss francs in the process. But don’t be swayed by the European currency — [...]
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 [...]
By Julian Upton | Published: September 15, 2010
Troubled biotech Genzyme’s (Cambridge, MA) planned elimination of over 1,000 jobs (10% of its 12,800 workforce, according to the Boston Globe) over the next 15 months is not related to the takeover bid from French giant Sanofi Aventis, the company has said.
By George Koroneos | Published: May 11, 2010
Image by Getty Images via Daylife Pfizer’s New York tower is on the market, but the pharma giant is not planning on leaving Manhattan. The New York Times, on Tuesday, reported that the company is willing to put millions of dollars in tax breaks on the line to consolidate its New York offices. “We are looking [at selling] [...]