Now The Layoffs Really Begin
January 07, 2010
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MASSIVE LAYOFFS FOR DRUG COMPANIES.....
Pfizer and Merck have begun to spell out exactly where the axe will fall as they each absorb a big new acquisition into their organizations. According to Pharmalot, Pfizer has told New Jersey officials that 400 people at Wyeth's old Monmouth Junction research center are getting the pink slip at the end of this month. And Merck will eliminate 500 jobs--mostly sales and administrative positions--from Schering-Plough's old headquarters in Kenilworth.
These layoffs are just the beginning, of course. Both pharma companies are planning deep cuts to eradicate any overlaps with the companies that they are swallowing. And in another ominous note for Big Pharma's embattled R&D organizations, Merck CEO Dick Clark (photo) told an audience attending a Goldman Sachs event that the company has to look at "the number of research sites you need" post-merger.
http://www.fiercebiotech.com/story/pfizer-and-merck-signal-deep-cuts-r-d-groups/2010-01-07#ixzz0by3ty0PF
It is not just cold outside these days, as Merck & Co. makes some cold hard decisions. Following on the heels of its now closed acquisition of Schering-Plough, Merck is making significant job cuts across its operations. Some 16,000 jobs are expected to be eliminated in total as a result of the merger.MASSIVE LAYOFFS FOR SHIPPING AND TRANSPORTATION.....
ASTAR Air Cargo - 303 PilotsUpdate: United Airlines - Total 140 This Month
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JUST SIMPLY MASSIVE NUMBERS OF BUSINESSES SHUTTING DOWN.......
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THE ABOVE IS SIMPLY TWO DAYS OF LINKS FROM DAILYJOBCUTS.COM.........
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