Sunday, July 20, 2008

Abbott plans 'very small' layoff

July 19, 2008

NEWS-SUN STAFF REPORT


NORTH CHICAGO -- Abbott Laboratories will lay off a "very small number" of employees in coming weeks as part of what a company spokesman termed a departmental restructuring.
Abbott spokesman Kurt Ebenhoch, while declining to say how many employees will be affected, said Friday that the company is "making a few changes in our diagnostics unit (to) improve our business efficiency."
The cuts will include management-level employees at Abbott Park.
Late last year, the company laid off some 1,200 people from manufacturing jobs in California and Ireland. That number represented less than 2 percent of Abbott's global work force of 65,000.
News of the latest cuts came two days after the company announced strong worldwide sales and net income during the second quarter, which ended June 30.

2 comments:

Anonymous said...

One has to wonder how long it will take for the outsourcing and "globilization" to grab hold of the pharma class folks. It surely would be a lot cheaper to make the pills for our pill popper culture over in a 3rd world country. Is it a wrong perception that the drug class jobs have been for the most part unaffected and protected with the scare tactic that they have to be made here for safety sake? And doesn't the USA pay trumped up prices for it's pills to offset the rest of the big picture?

Anonymous said...

From Chicago Tribune
Abbott Laboratories has laid off about 20 employees from its U.S. diagnostics business in suburban Lake County, according to sources close to the company.

The medical products giant, which makes drugs, devices, nutritional products and medical tests, would not confirm an exact number but a company spokeswoman said the division is reducing certain "management layers." The company would not elaborate.