Schering-Plough will cut a minimum of 500 jobs starting on August 11th in New Jersey [1] as part of a much larger plan to layoff 5,500 employees across the globe [2]. At the same time, Johnson & Johnson will send about the same number of employees packing when it cuts nearly 300 jobs nationwide and shifts 260 positions out of New Jersey.
The Schering-Plough layoffs will be mainly be at its Kenilworth facility, but will also affect facilities in Berkeley Heights, Roseland, Springfield, Summit and Union. The shifted J&J positions will move to Pennsylvania and will become part of the company's Centocor subsidiary following a merger of the unit with its Ortho-Biotech unit.
Abbott Labs also announced it would move 83 positions in Parsippany to its research headquarters in Abbott Park, IL, also in August.
- read the full story [3] at Newsday
- get the local news [4] at NJ.com
- here's more at the Pharmalot blog [5]
Related Articles:
NJ will feel brunt of Schering axe [6]
Top 8 layoffs of 2007
Fortune snubs Big Pharma in employers list
NJ officials want to expand biopharma biz [1]
Links:
[1] http://www.fiercebiotech.com/story/nj-officials-want-to-expand-biopharma-biz/2008-03-26
[2] http://www.fiercepharma.com/story/schering-plough-laying-off-5500/2008-04-03
[3] http://www.newsday.com/news/local/wire/newjersey/ny-bc-nj--drugmakerlayoffs0708jul08,0,5566163.story
[4] http://www.nj.com/business/times/index.ssf?/base/business-4/121557633548520.xml&coll=5
[5] http://www.pharmalot.com/2008/07/the-nations-medicine-chest-is-emptying-its-shelves/
[6] http://www.fiercepharma.com/story/nj-will-feel-brunt-of-schering-ax/2008-04-04