Monday, January 28, 2008

Pfizer to eliminate 660 jobs in Terre Haute

Pharmaceutical giant Pfizer is eliminating 660 jobs at its Terre Haute plant. The layoffs will begin in March:

Pfizer Inc. is eliminating 660 jobs at its plant near Terre Haute following the company's decision to drop the inhaled insulin Exubera drug because of disappointing sales.

The company says it will begin eliminating the jobs in March and all the positions will be gone by the middle of this year. The workers had been on paid leave since production was stopped in October.

Pfizer Global Manufacturing President Nat Ricciardi says the company will work with local and state officials on the future of the plant.

A portion of the plant where other medicines are made will remain open with about 140 employees.

Pfizer had invested more than $300 million in the past five years at the plant.

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