So, we had 500 let go now but there will be many more. This is your classic poor planning and business execution, poor strategic move - they think they are doing the right thing but only time will tell. Things could have been managed differently, different decisions could have been made.
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Gook luck with Pfizer. There’s only one way, and it’s their way. They take over companies and have a standard plan to do this. They have Pfizer management standards which are over and above FDA requirements. You’ll be given a list to implement. You’ll be comparing every SOP to their standard and updating everything, with no extra staff. If you don’t have an SOP you’ll develop one and implement it in mfg, labs, wherever. Tasks are moved without your knowledge and bam, you’re responsible for jobs you weren’t told about. No matter the job wasn’t done for a couple of months. It’s yours now. The reporting structure is insane. It’s easy to go from a handful of levels between you and the president to 60+. I shall keep you in my prayers.
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.
The first layoff of 2019 will be on 8/6/19
Sounds to me like somebody was turned down for that janitor job. You butt hurt little baby. You have nothing to support your claims. Go back to mommy’s basement with your meatloaf.
There will be no plant closure or layoffs. Once the merger is complete, the union will be disassociated and they will keep the good workers with good attitudes. Hiring of others off the street will begin until the hiring goal of 1425 workers and 372 others is accomplished. Then a massive re-tooling of the facility will begin around mid 2021 to allow production of new products. Benefits will be comparable to the current scheme and pay will be 25-35% less for those newly hired as compared to current union pay which is comparable to typical pharmaceutical manufacturing. In 2025, as long as the market continues to grow, the Morgantown facility will be expanded.
The reason the plant is closing is because of high wages for workers with the union way of think. The its not job worker. Im not doing anything i dont have too. Your union cost you your job. You are going to go from $30 an hour to $10.00 an hour. Have fun with that.
Confirmed...plant will be sh-- down in December of 2019. It will be idled for 2 years then sold....out id--ts knew this was coming. It’s what you get for having spineless union reps that caved to Robert from the beginning. You trump loving id--ts are getting what you deserve
Starting with the EpiPen, to the FDA, and now price fixing. We all know the plant hasn't been running at full production nearing a year now. Just add up how much money is going to workers compared to product going out the door to be shipped. They can't keep this up forever. Either they get back to full steam or they have another massive lay off. Honestly the writing is on the wall and you need to wake up to reality if you can't see what's coming.
Agreed on severance:
How about we take a few million off of Heather B. and hire some employees back? She doesn't deserve a 23 million per year paycheck!!! She's the reason for these layoffs. The company got a huge fine for the Epipen scandal, and they gave millions to her Senator father for his re-election. Now wouldn't the money have been better used to keep employees? Plus, she lied about her Masters Degree!! She Should have been fired after that scandal, but instead gets a promotion and raise? This is what's wrong with Mylan!!!!
What makes you think the plant will be closed by the end of 2019?
Wait till the price fixing stuff hits, The end is neigh.