Tag Archive | "Wyeth"

Pfizer Announces 680 Post-Merger Job Cuts

Saturday, January 9, 2010

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Pfizer Announces 680 Post-Merger Job Cuts

Pharmaceutical powerhouse, Pfizer, announced yesterday that it would be cutting a total of 680 jobs from it’s Collegeville and Great Valley campuses. The layoffs had been expected ever since Pfizer Inc. purchased rival Wyeth back in October. The Collegeville and Great Valley campuses were once major Wyeth operations. Gwen Fisher, a spokeswoman for Pfizer told told [...]

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Pfizer Cutting 600 Jobs in St Louis

Monday, November 9, 2009

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Pfizer Cutting 600 Jobs in St Louis

Pfizer is cutting 600 jobs in St Louis as part of a restructuring being done in the wake of its purchase of drug and vaccine maker Wyeth. Pfizer acquired Wyeth in mid October and is consolidating its R&D program company wide. Some layoffs will occur immediately with the rest spread out through 2011. [...]

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Pfizer to Buy Wyeth for $68 Billion, Cut 8,000 Jobs

Monday, January 26, 2009

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Pfizer to Buy Wyeth for $68 Billion, Cut 8,000 Jobs

Brooklyn pharmaceutical giant Pfizer will acquire rival Wyeth for $68 billion. The boards of directors of both companies have approved the deal. Pfizer will cut more than 8,000 jobs in anticipation of cholesterol drug Lipitor losing patent protection in 2011. Pfizer said it would cut 10% of its staff and close five of its manufacturing plants. [...]

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