Business First - by Tracey Drury
Another 128 employees at a Buffalo pharmaceutical firm will lose their jobs in late November and late December as the company prepares to shut down.
Contract Pharmaceuticals Ltd. Pharmacy Niagara filed the WARN notice Aug. 29 with the state Department of Labor.
A total of 47 jobs will end on or about Nov. 30, with another 81 by Dec. 30. The company previously filed notices on 33 layoffs that will occur by Sept. 16 and another six that occurred in May.
The Mississauga, Ont.-based company has been shifting operations to that site since announcing last year plans to shut down the Buffalo manufacturing site by the end of 2011, eliminating 260 jobs in total.
Economic factors were cited, including slow growth in the pharmaceutical outsourcing market and the global economic downturn.
The state Workers Adjustment and Retraining Notification (WARN) Act is designed to give 90 days’ advance notice to employees, the Department of Labor and the local Workforce Investment Board of business closings and layoffs.
CPL operated from the former Bristol-Myers Squibb Co. on Forest Avenue, which it acquired in 2005.
