tag:blogger.com,1999:blog-8964719845369935777.post6181405392750452841..comments2024-03-27T21:23:40.339-04:00Comments on Chemjobber: Lilly/AMRI: the final frontier?Chemjobberhttp://www.blogger.com/profile/15932113680515602275noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-8964719845369935777.post-48124152583421768322011-11-11T08:55:50.134-05:002011-11-11T08:55:50.134-05:00Many companies have hit retirees hard, including m...Many companies have hit retirees hard, including mine. He'll of a lot easier than hitting your employees hard.<br /><br />Many big pharma companies have scaled back or eliminated pensions, so I guess my original statement wasn't 100% accurate. Healthcare has also continued to get more costly for lowered coverages. <br /><br />None of this, however, has stopped them all from layoffs and outsourcing.You're Pfizerednoreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-4189769504237999282011-11-10T00:11:40.583-05:002011-11-10T00:11:40.583-05:00Run!! Run!! Run Away!!!
How long has the decline ...Run!! Run!! Run Away!!!<br /><br />How long has the decline of pharma been going on now?: http://pubs.acs.org/cen/business/87/8711bus1.html<br /><br />Since about 2000 according to the ACS, they need to hurry and fill the rest of the graph, it will give many an unsettling feeling in their stomach. It may also save many live from being ruined.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-4775312583404083062011-11-09T23:12:02.103-05:002011-11-09T23:12:02.103-05:00(Not that the benefit cuts would be enough to spar...(Not that the benefit cuts would be enough to spare employees from mass layoffs...)<br /><br />http://www.cbsnews.com/8301-505123_162-42849477/pfizer-plans-16300-layoffs-amid-health-benefit-cuts-for-retirees/?tag=bnetdomainAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-7419768752435996762011-11-09T23:08:44.676-05:002011-11-09T23:08:44.676-05:00http://www.cbsnews.com/8301-505123_162-42849429/ho...http://www.cbsnews.com/8301-505123_162-42849429/how-pfizer-saved-millions-by-dumping-its-retirees-on-medicare/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-21603938476959170742011-11-09T19:58:43.506-05:002011-11-09T19:58:43.506-05:00@Anon332: Do you guys still get a 401K?@Anon332: Do you guys still get a 401K?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-2262441380111844062011-11-09T18:32:05.109-05:002011-11-09T18:32:05.109-05:00Pfizer has cut benefits for employees and retirees...Pfizer has cut benefits for employees and retirees.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-61553010596741555272011-11-09T15:03:48.139-05:002011-11-09T15:03:48.139-05:00You're Pfizered....
"Has any major pharma...You're Pfizered....<br />"Has any major pharmaceutical company cut salary and benefits of all its employees rather than laying specific areas off and outsourcing work to other markets? Why do you think that is?"<br />Well, my take is as a manger you are not that smart. What makes sense to the rest, it goes missing on them. <br /><br />November 9, 2011 12:02 PMAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-75319178353178425442011-11-09T15:02:32.533-05:002011-11-09T15:02:32.533-05:00You're Pfizered....
"Has any major pharma...You're Pfizered....<br />"Has any major pharmaceutical company cut salary and benefits of all its employees rather than laying specific areas off and outsourcing work to other markets? Why do you think that is?"<br />Well, my take is as a manger you are that smart. What makes sense to the rest, it goes missing on them.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-1814401648680662482011-11-09T14:01:39.166-05:002011-11-09T14:01:39.166-05:00Back in 2000, the cost for similar contract medici...Back in 2000, the cost for similar contract medicinal chemistry was around $125K per FTE (I worked at Array on a Lilly project). Adjust accordingly for inflation and you'll probably be in the ball-park. Probably about half to a third of what a full employee costs Lilly per year, factoring in everything.<br /><br />Has any major pharmaceutical company cut salary and benefits of all its employees rather than laying specific areas off and outsourcing work to other markets? Why do you think that is?<br /><br />Lilly has been outsourcing Discovery and Development for years while shrinking its internal head-count. This is nothing new, other than being somewhat novel to be bringing the CRO scientists into their own labs. I'd imagine there will be some interesting conversations had during this time-period.<br /><br />At least these jobs are staying here in the states. Hell, half of those 40 people will probably ex-Lilly chemists laid off over the last couple of years.You're Pfizerednoreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-89776113385668723022011-11-09T13:05:16.327-05:002011-11-09T13:05:16.327-05:00I wonder what AMRI charges for this service?
Pret...I wonder what AMRI charges for this service?<br /><br />Pretty cowardly for LLY mgt to not cut employee salaries/benefits on their own: unless employees have contracts and are not at-will there is no reason this can't be done (and is effectively what LLY is doing, just in an impecunious manner). Even worse that they are wasting shareholder money to pay AMRI something they can do themselves. Failures at science, failures in management. Sadly CEO is chemistry PhD.bbooooooyanoreply@blogger.com