Eli Lilly to Cut, Shuffle 500+ Jobs

[hippiechick]

www.starnews.com

By Jeff Swiatek
[e-mail]
October 14, 2004

In another move to cut costs, Eli Lilly and Co. will close all 43 field sales offices around the country and restructure its U.S. sales force and drug marketing teams.

The changes, which Lilly announced to its workforce today, will eliminate the jobs of 575 U.S. employees, who are being given the choice of taking other jobs within Lilly by the end of the year or accepting a severance package to leave the company.

The restructuring moves "are about making Lilly USA more competitive in an increasingly challenging environment and positioning the affiliate for the future," the company said in an announcement.

Lilly's management in late summer told employees the company would start looking at ways to cut costs and boost productivity in the Indianapolis drugmakers' operations worldwide. A companywide hiring freeze was put in place at the time.


... wonder what 'my man Mitch' - former Lilly Exec whose running for Indiana governator - will have to say about this ??

:hippie:

[realFedUp]

1. The Bush Shuffle

new dance step...take a big step to the
right...right out of the country.

[KlatooBNikto]

2. According to the Scientific American, Eli Lilly, is already in

India looking to outsource its research and drug manufacturing. I am sure W is going to tell these Ph.D s to get a good education.He has some Pell grants for you!