Pfizer Shutting Eight Plants Worldwide, Cutting 6,000 Jobs
May 18, 2010
According to the Associated Press Pfizer Inc. said it will cut 6,000 jobs as it trims its manufacturing capacity worldwide. The drugmaker says it will cease operations at eight plants in Ireland, Puerto Rico, and the U.S. by the end of 2015, and reduce operations at six other plants over the next several years. The plants make a range of pharmaceutical and consumer health products. Overall, the company operates 78 plants internationally and employs about 116,000 workers. The New York-based company said in April it would cut 20,000 jobs as part of the Wyeth integration. Under the plan, Pfizer will cut operations at pharmaceutical plants in Caguas, Puerto Rico; Loughbeg, Ireland, and Rouses Point, N.Y. The company plans to shut down injectible medicines plants in Carolina, Puerto Rico and Dublin, Ireland. Other shutdowns include biotechnology plants in Shanbally, Ireland along with consumer health care plants in Richmond, Va. and Pearl River, N.Y. Pfizer said the timing of specific exits will depend upon the complexity of operations, the amount of time required for product transfers, and other business requirements. The company has also recommended reductions in several other plants, including Guayama, Puerto Rico; Newbridge, Ireland; Andover, Mass.; Sanford, N.C.; Havant, U.K.; and Illertissen, Germany. Also, Pfizer said it is evaluating options for its animal health manufacturing sites and recommendations are expected by the end of June.