IHS Chemical Week

People & Business :: Companies

Pfizer Opts for Major Surgery, Slashing Facilities and Staff

12:34 PM MDT | July 30, 2007 | Alex Scott

Pfizer has announced sweeping plans to cut costs by reducing the number of its research and manufacturing sites, streamlining its organizational structure, reducing staff, increasing outsourcing, and reducing procurement costs. The program involves about 10,000 job cuts by the end of 2008 and aims to slash annualized costs by $1.5 billion-$2 billion by the same date. The 10,000 staff cuts are equivalent to about 10% of Pfizer’s workforce, the company says. Pfizer will close manufacturing plants at Brooklyn, NY and Omaha, NE, and will seek to sell its...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa