BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

Loss of 400 Jobs as Baxter International, Inc. (BAX) Invests $35 Million in Puerto Rico


3/12/2013 7:43:33 AM

Baxter is to cut 400 jobs at a facility in Puerto Rico as part of plans to realign its manufacturing business in North America. Affected workers are based at Baxter's plant in Aibonito, which manufactures injectable drugs and has a workforce of just under 1,000 employees. Local reports say that 100 positions will be gone by June 2013, with the remaining cuts to be implemented gradually. The layoffs are part of Baxter's plans to shift operations to its neighbouring site in the Dominican Republic and to upgrade certain processes at the Puerto Rico site, the mayor of Aibonito William Alicea Pérez told the Latin American Herald Tribune. The Aibonito upgrades are expected to cost about $35m and will involve improvements to the factory's manufacturing and packing capabilities. This follows a $2.5m investment last year from Baxter in its production line in Puerto Rico. Antonio Medina, the head of the country's Industrial Development Company – a government organisation to promote investment in Puerto Rico, said it will help find jobs for affected workers. “This isn't a closure,” Medina told Caribbean Business. “As part of its more than 50-year commitment to Puerto Rico, Baxter's new operations in Aibonito require more advanced, automated technology.”


   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES