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Pfizer Merger to Shut Down Six R&D Sites, Resulting in 2,000 Layoffs, an Industrial Info News Alert


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© Marketwire 2009
2009-11-11 11:28:01 -

SAN DIEGO, CA -- (Marketwire) -- 11/11/09 -- 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 : financialmarkets.industrialinfo.com/industrialinfo/?Ticker=PFE&a .. (NYSE:PFE) (New York, New York) was planning to sell its massive St. Louis/Chesterfield, Missouri, research : www.industrialinfo.com/marketcoverage.jsp?pagerequest=marketcove .. site to Monsanto Company : financialmarkets.industrialinfo.com/industrialinfo/?Ticker=MON&a .. (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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Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy related markets. For more than 26 years, Industrial Info has provided plant and project opportunity databases, market forecasts, high resolution maps, and daily industry news. For more information send inquiries to pharmabiogroup@industrialinfo.com : mailto:pharmabiogroup@industrialinfo.com or visit us at www.industrialinfo.com : www.industrialinfo.com .
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