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Pfizer to close Sandwich site

Posted: Tue Feb 01, 2011 4:28 pm
by CE Instruments
In todays local and national news. Pfizer are closing and leaving the UK Sandwich site within the next 2 years :cry:

Re: Pfizer to close Sandwich site

Posted: Wed Feb 02, 2011 8:49 am
by WK
Very,very sad - sorry for anyone who currently works there....
David Willetts seemed to have little impact in the matter.
He suggested that site should be used for small business units......???
Oh dear

Re: Pfizer to close Sandwich site

Posted: Wed Feb 02, 2011 9:41 am
by Peter Apps
Here's why, executive bonuses are on the line

http://www.newsdaily.com/stories/tre7103jm-us-pfizer/

Peter

Re: Pfizer to close Sandwich site

Posted: Wed Feb 02, 2011 11:00 am
by krickos
Here's why, executive bonuses are on the line
Peter
Most likely.

At the same time (from personal experiance), it is usually better when companies does things like this when they still earn good money and can afford restructuring, relocation offers, decent exit plans etcetera.

Frankly it is not surpring, what Pfizer does many others already have done or are doing in similar ways (like reviewing/altering R&D teraphetic areas) and to get some really good benefits from recent merger/merges consolidations are unavoideble.

Does not mean I like it though