Théière Posted February 1, 2011 Share Posted February 1, 2011 In a terrible blow to Kent jobs 2400 are to loose theirs after Pfizer decide to swell their endowments elsewhere. I for one won't be buying their products!http://www.ft.com/cms/s/0/3d91cf52-2e4f-11e0-8733-00144feabdc0.html#axzz1CkWoJ3HP Link to comment Share on other sites More sharing options...
Russethouse Posted February 1, 2011 Share Posted February 1, 2011 http://www.bbc.co.uk/news/business-12335801 Link to comment Share on other sites More sharing options...
Clarkkent Posted February 2, 2011 Share Posted February 2, 2011 And this is the facility, which, by discovering and developing Viagra, gave Pfizer many millions in profits.I can't access the FT article so I don't know what it says. Link to comment Share on other sites More sharing options...
Russethouse Posted February 2, 2011 Share Posted February 2, 2011 Thats why I posted the BBC link.Isn't this somehow tied up to the company restructuring ahead of Lipitor being available as a generic rather than branded medication ? They forecast a drop in profit. Link to comment Share on other sites More sharing options...
NickP Posted February 2, 2011 Share Posted February 2, 2011 [quote user="Théière"]In a terrible blow to Kent jobs 2400 are to loose theirs after Pfizer decide to swell their endowments elsewhere. I for one won't be buying their products!http://www.ft.com/cms/s/0/3d91cf52-2e4f-11e0-8733-00144feabdc0.html#axzz1CkWoJ3HP[/quote] Maybe not, but reading Woolies lastest posts he will more than likely be making up for you and stiffening their profits. [:D] Link to comment Share on other sites More sharing options...
Joe Posted February 2, 2011 Share Posted February 2, 2011 I used to live not far from Sandwich(Deal).It will be a blow to the area.Years ago the coal mine and the Royal Marine barracks along with Pfizer meant that the unemployment was low.The area has been deteriorating for a while.The closing of Pfizer will only make it worse.A lot of the site has only been built recently. Link to comment Share on other sites More sharing options...
Quillan Posted February 2, 2011 Share Posted February 2, 2011 Does this mean I won't get so many emails trying to flog me Viagra?Like Joe I have a house near there (Minster to be exact) and I do very nicely from it as it's always rented out to their employees. The thing is it did nothing for the local employment directly because all the staff were 'shipped in', loads of houses were built, again by companies from outside the region. The issue now is places like Ramsgate and Margate where big commercial centres have been built to cater for the needs of all these people coming to work there, the loss of trade for even the small shops will be massive as the staff move away and get re-deployed. Other than Pfizers there is very little to do in the area, it's either growing veg or working at Manston unloading the transport aircraft (which bring in the supermarket veg). Dark days ahead. [:(] Link to comment Share on other sites More sharing options...
Hoddy Posted February 2, 2011 Share Posted February 2, 2011 I wonder if this is part of a trend ? Another pharmacuetical company, AstraZeneca in Loughborough, are closing with a loss of 1200 jobs; again they said it was part of global restructuring. These major employers have a disproportionate effect on small towns and in the case of AstraZeneca on the local university too.Hoddy Link to comment Share on other sites More sharing options...
Bob T Posted February 2, 2011 Share Posted February 2, 2011 Companies, whatever they manufacture, are there to make money and their primary aim is not to provide jobs to local areas. It has to be up to the company to decide where they want to restructure to make their business more profitable. Link to comment Share on other sites More sharing options...
woolybanana Posted February 2, 2011 Share Posted February 2, 2011 Is it part of a trend which will see the high-end skills, like R and D, leaving UK and following production to the emerging countries? Link to comment Share on other sites More sharing options...
Quillan Posted February 2, 2011 Share Posted February 2, 2011 [quote user="woolybanana"]Is it part of a trend which will see the high-end skills, like R and D, leaving UK and following production to the emerging countries?[/quote]And why is that Wooly, because they believe they are worth more than they are. Just look round the Internet and see the salaries these people demand compared to other countries and I am not talking about Asian countries but Europe. Simply put they have priced themselves out of the market. Everyone has the right to make a decent living and get paid a decent salary but it seems to me many like to tear the bottom out of it (my old profession was a classic example) until the companies say "enough's enough" and simply move or source their labour elswhere and then everyone looses all the way down to the checkout girl in the supermarket, no demand, no job. Link to comment Share on other sites More sharing options...
woolybanana Posted February 2, 2011 Share Posted February 2, 2011 [quote user="Quillan"][quote user="woolybanana"]Is it part of a trend which will see the high-end skills, like R and D, leaving UK and following production to the emerging countries?[/quote]but it seems to me many like to tear the bottom out of it (my old profession was a classic example) [/quote]You used to run a gay club or had gay rentboys, Q?[:$][6] Link to comment Share on other sites More sharing options...
breizh Posted February 2, 2011 Share Posted February 2, 2011 Hand up. I work for one of the big pharma companies (in Finance).Sandwich closing was announced 2-3 years ago as part of Pf corporate restructuring. A bit bizarre it's suddenly news.All the pharma companies are doing it. We've just shut a Hamburg site, 11,000 jobs. The facilities that have delivered the amazing drugs over the last 20-30 years have run out of ideas. Over the next 10-15 years there is very, very little coming. So, the pharma companies changed tack. They now rely on small independent R&D pharma companies to produce the new drugs, then either licence the drugs from them, or buy them out. These small companies are predominantly British.Re the pharma R&D jobs leaving the UK. Precisely the opposite is true. The previous Govn in their last budget permitted the depreciation of drug patents. This is unique, and is a massive, massive boost to pharmaUK, GSK, AZ, Novartis, have all announced huge investmant budgets in the UK. Pity the news stories didn't tell you. Link to comment Share on other sites More sharing options...
Ejc Posted February 7, 2011 Share Posted February 7, 2011 While the closure isn't "new" news the extent of it is and Pfizer has had gazilions in grants for both in building and other avenues of support which they should repay if they pull out now. Sandwich is so far away from any other pharma area, so no other big company will take over the site. It will affect all sorts of folks from the contract cleaners to the shops and house prices will tumble even more. It's a crying shame for veryone concerned Link to comment Share on other sites More sharing options...
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now