Thread regarding Mylan layoffs

Jobs will be cut on both sides

Pfizer and Mylan say the new company should have synergies of approximately $1 billion annually by 2023. Mergers and acquisitions frequently lead to layoffs. Synergies is what you get when you eliminate redundancies in your efforts to cut costs. Jobs will be cut on both sides no doubt, but the side that gets cut in bigger numbers may be the side that cost the company more than the other.

@SPnDJHF-7Bjsu makes a good point.

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Post ID: @OP+10rHrxWG

3 replies (most recent on top)

Also unions are not dissolved when mergers happen. The new company is responsible for the remaining years of their contracts by law.

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Post ID: @4ksq+10rHrxWG

First hole in your story is that Upjohn has no facilities in Michigan only Pfizer. Pfizer has already publicly said that the Michigan sites will not be affected by merger since they were not associated with Upjohn. Do better research on your story before you spread lies sir.

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Post ID: @4bse+10rHrxWG

Meeting today at South Point. Mylan Morgantown, WV and Caguas, PR facilities main discussion. Production facility in Morgantown will be retained, but the creation of the new company will allow the removal of the Union. Union employees will be allowed to reapply for positions. No word on pay. Morgantown R&D will be divested and all projects moved to UpJohns facility in Michigan. PR facility will be closed by 2022 will all activities moving to UpJohns facility in PR. Will update as new information is acquired.

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Post ID: @2kxn+10rHrxWG

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