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May 19

Pfizer to cut 6,000 jobs, close more plants

Posted By
May 19, 2010 / 06:05
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Drugmaker Pfizer Inc will cut 6,000 jobs, or 18 percent of its workforce, at its 78 manufacturing plants over the next five years as it pares back operations following last year’s purchase of smaller rival Wyeth.

The world’s biggest drugmaker plans to cease operations at eight plants in Ireland, Puerto Rico and the United States by late 2015 and reduce activities at six factories in those countries, plus Germany and Britain.

Pfizer had 40 manufacturing sites before buying more than three dozen Wyeth facilities in the October acquisition.

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