Abbott Labs - Top 5 layoffs of 2008
Company: Abbott Laboratories
Layoffs: 1,000
Summary: After cutting 1,200 jobs in December 2007, Abbott Labs chopped another 1.5 percent off its workforce when it eliminated 1,000 jobs in August. Manufacturing plants in California and Illinois will close, and some production will be transferred to Europe. Abbot says it wants to "streamline global manufacturing operations, reduce overall costs, and improve efficiencies" in its diagnostics business by 2011. The move will save the company $150 million a year once its completed.
Comments
By Anonymous | Posted 2:41pm | June 15, 2009
Will Abbott Labs be outsourcing its IT/Computer Department?
Post new comment
Paid Research Reports
- The Top 10 Biosimilar Players: Positioning, performance and SWOT analyses
- New Approaches to Pharma R&D: Evolving strategies to rejuvenate R&D efficiency
- Stakeholder Opinions: Vaccine antigen delivery technologies - Molecular systems to open new markets
- The Top 10 Contract Research Organizations
- Stakeholder Opinions: Vaccine administration technologies - Beyond needles
- Future Pharmaceutical Industry Trends: Long-term opportunities tempered by short-term challenges
Click here to get the FiercePharma email newsletter for FREE!
Comments (1) | Post a comment