Pfizer to Shed 500 Jobs at England Site As Cost-Cutting Ramps up

Seekingalpha2023-11-15

Pfizer (NYSE:PFE) plans to lay off 500 employees at a production plant in Sandwich, Kent, U.K., amid a company-wide cost-cutting program, Sky News reported Tuesday.The move comes as the U.S. pharma ...

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Their jobs are reportedly moving to the U.S. and India.\"Various areas of Pfizer's global enterprise are making changes to operate more efficiently and effectively,\" a company spokesperson said, adding that \"these changes will be implemented on a rolling basis and will differ (from) area to area.\"\"More information around this global program will be shared over the coming months and as part of the full-year guidance for 2024,\" the company said.With its Q3 2023 results last month, New York-based Pfizer (PFE) announced a $3.5B cost reduction program. The two-year initiative has already prompted the company to shut down two facilities in Raleigh, N.C.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2383268260"}