| Pfizer Merger to Shut Down Six R&D Sites, Resulting in 2,000 Layoffs, an Industrial Info News Alert |
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| Posted by marin2008 | |
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Reported by Annette Kreuger, Industrial Info
Resources (Sugar Land, Texas) -- Early Monday morning, the buzz at the
International Society of Pharmaceutical Engineers (ISPE) conference in San
Diego, California, was that Pfizer Incorporated (NYSE:PFE) (New York, New York) was
planning to sell its massive St. Louis/Chesterfield, Missouri, research site to Monsanto Company (NYSE:MON) (St. Louis). By day's end, the
truth had proven to be more dramatic than the rumors: To achieve a 35%
reduction in global square footage, the company is going to close six
research and development sites across the United States and lay off an
estimated 2,000 people.
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