Comments on: Schering-Plough Slashes Jobs After Organon Deal http://www.pharmalot.com/2008/02/schering-plough-slashes-jobs/ News, Comment and Conversation Fri, 10 Feb 2012 18:38:17 +0000 http://wordpress.org/?v=2.6.2 By: Ed Silverman http://www.pharmalot.com/2008/02/schering-plough-slashes-jobs/#comment-193631 Ed Silverman Fri, 07 Mar 2008 03:58:48 +0000 http://www.pharmalot.com/2008/02/schering-plough-slashes-jobs/#comment-193631 Hi Bill, Yes, absolutely sure. As I wrote, a company spokeswoman did confirm the layoffs, but declined to discuss headcount. I was told a wide range by different sources, both of whom are reliable, but I felt the need to be conservative and not report specific numbers, or anything like that, unless I could go the next step and verify with additional sourcing. You should keep in mind that, often times, companies do not like to draw attention to downsizing for various reasons - such as negative publicity or issues with government tax incentives. As a business journalist for many years who has covered different industries, not every company will issue press releases when they shove people overboard. If waiting for an announcement is equivalent to confirmation, I'm afraid you're going to have a long wait. Hope this helps, ed Hi Bill,

Yes, absolutely sure. As I wrote, a company spokeswoman did confirm the layoffs, but declined to discuss headcount. I was told a wide range by different sources, both of whom are reliable, but I felt the need to be conservative and not report specific numbers, or anything like that, unless I could go the next step and verify with additional sourcing.

You should keep in mind that, often times, companies do not like to draw attention to downsizing for various reasons - such as negative publicity or issues with government tax incentives. As a business journalist for many years who has covered different industries, not every company will issue press releases when they shove people overboard. If waiting for an announcement is equivalent to confirmation, I’m afraid you’re going to have a long wait.

Hope this helps,
ed

]]> By: Bill http://www.pharmalot.com/2008/02/schering-plough-slashes-jobs/#comment-193331 Bill Fri, 07 Mar 2008 00:08:39 +0000 http://www.pharmalot.com/2008/02/schering-plough-slashes-jobs/#comment-193331 Ed, There does not appear to be any confirmation of this news out there. Are you still 100% sure this is correct? Thanks, Bill Ed,

There does not appear to be any confirmation of this news out there. Are you still 100% sure this is correct?

Thanks,

Bill

]]> By: Pharma News 3_1 « Impactiviti blog http://www.pharmalot.com/2008/02/schering-plough-slashes-jobs/#comment-187335 Pharma News 3_1 « Impactiviti blog Mon, 03 Mar 2008 11:42:11 +0000 http://www.pharmalot.com/2008/02/schering-plough-slashes-jobs/#comment-187335 [...] The Schering/Organon merger produces the expected job cuts. [...] [...] The Schering/Organon merger produces the expected job cuts. [...]

]]> By: Ed Silverman http://www.pharmalot.com/2008/02/schering-plough-slashes-jobs/#comment-182097 Ed Silverman Thu, 28 Feb 2008 15:57:05 +0000 http://www.pharmalot.com/2008/02/schering-plough-slashes-jobs/#comment-182097 Hi WBP, No, Schering-Plough did not make an announcement. I learned of this independently and had to call the company to confirm that layoffs were taking place. Regards ed Hi WBP,

No, Schering-Plough did not make an announcement. I learned of this independently and had to call the company to confirm that layoffs were taking place.

Regards
ed

]]> By: WBP http://www.pharmalot.com/2008/02/schering-plough-slashes-jobs/#comment-182051 WBP Thu, 28 Feb 2008 15:48:59 +0000 http://www.pharmalot.com/2008/02/schering-plough-slashes-jobs/#comment-182051 Hi Ed, It's interesting to see this story. Has there been any announcement from SP? WBP Hi Ed,

It’s interesting to see this story. Has there been any announcement from SP?

WBP

]]> By: SP 2 http://www.pharmalot.com/2008/02/schering-plough-slashes-jobs/#comment-180790 SP 2 Wed, 27 Feb 2008 20:44:39 +0000 http://www.pharmalot.com/2008/02/schering-plough-slashes-jobs/#comment-180790 This is extremely unfortunate for the many hard-working, dedicated employees at Schering-Plough who have absolutely nothing to do with the latest fiasco to hit the company. Large numbers stuck with SP during the previous difficult years and hoped that rewards for doing so would be forthcoming. The present top management team is certainly not among those people and have recently made a series of bad decisions that are now impacting the company's future potential. As usual, the workers will receive their pink slips and the top management team will get their golden parachutes. What a surprise in Big Pharma! This is extremely unfortunate for the many hard-working, dedicated employees at Schering-Plough who have absolutely nothing to do with the latest fiasco to hit the company. Large numbers stuck with SP during the previous difficult years and hoped that rewards for doing so would be forthcoming. The present top management team is certainly not among those people and have recently made a series of bad decisions that are now impacting the company’s future potential. As usual, the workers will receive their pink slips and the top management team will get their golden parachutes. What a surprise in Big Pharma!

]]> By: Insider http://www.pharmalot.com/2008/02/schering-plough-slashes-jobs/#comment-180720 Insider Wed, 27 Feb 2008 19:48:59 +0000 http://www.pharmalot.com/2008/02/schering-plough-slashes-jobs/#comment-180720 Tough decisions by Fred - remember your questionnaire!? Tough decisions by Fred - remember your questionnaire!?

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