Pfizer said today that it would lay off 10,000 workers and close several manufacturing and research sites in an effort to bolster earnings hurt by the loss of patent protection on certain drugs and setbacks in developing new products.
The company said the employee reductions were equivalent to about 10 percent of its worldwide work force and would take place by the end of next year.
Among the cuts would be a 20 percent reduction in its European sales force. That move would follow a similar reduction announced two months ago in the company’s American sales force and is included in the 10,000 figure.
Pfizer, the world’s largest pharmaceutical company, said it would cut manufacturing sites in Brooklyn and in Omaha and would seek to sell a third site in Germany. It would close three research sites in Michigan and said it hopes to close one in Japan and another France.
The company also said it would reorganize its United States sales operations and its research and development activities.
NYT
One in Ten!
6 comments:
Oh well! Good for you!
Let's celebrate your special powers and not give a thought to the scientists who lost their jobs, some close friends of mine.
RIP Ann Arbour
RIP Nagoya
RIP K'zoo
RIP Amboise
RIP Esperion
You can really be a heartless idiot sometimes.
I'll take that one on the chin and accept it as a blow from an upset employee.
However, my issue has always been with the "heartless" within the industry who have brought Big Pharma (and Pfizer, is a shining example of this) to the sorry state it's in at the moment!
Wake up Big Pharma employees! Find your ethics/scruples and start cleaning house!
"Jack"
http://www.dailykos.com/storyonly/2007/1/22/192517/998
I agree with the first poster above. Say what you like about big pharma management but its the scientists and support staff who have been pfired here. To celebrate the firing of and pick on these little guys who studied science to help mankind is pretty low and ill-informed. It will always be them that get fired over the guilty higher ups.Do you think they chose the careers so they could screw people over? Well, if so they would have gone into banking. Not one of the better articles on this blog. Poor show. PS. Im a pharmacist and have no connection with Pfizer.
For evil to succeed all that is needed is for good people to remain silent.
Big Pharma's scientists and backroom staff should have objected to the excesses of Sen Management and Marketing.
They are now reaping the rewards for their silence.
...and realistically how do you expect them to do that? Some kind of uprising lead by the technicians? These people have families to support and rebelling publically against your employer is the best way to never work in the industry again. They can't all write memoirs and live off the proceeds! How about the shareholders? They have the real power. Your argument that the scientists are all to blame is deeply flawed and has the idealisms of a right on 6th-former. Keep it up though - pure comedy! :)
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