360° Coverage : Drugmaker to cut 400 jobs in Puerto Rico

11 Updates
Drugmaker to cut 400 jobs in Puerto Rico
Photo Credit: Al Bello, Getty Images

Drugmaker to cut 400 jobs in Puerto Rico

Mar 9 2013, 12:42am CST | by

San Juan, March 9 (IANS/EFE) The Puerto Rico unit of Baxter International Inc. plans to eliminate 400 jobs at its pharmaceutical production facility in Aibonito, the town's mayor said Friday.

San Juan, March 9 (IANS/EFE) The Puerto Rico unit of Baxter International Inc. plans to eliminate 400 jobs at its pharmaceutical production facility in Aibonito, the town's mayor said Friday....

Filed under: news

YouTube Videos

 
 
 

1 year ago

Drugmaker to cut 400 jobs in Puerto Rico

Mar 9 2013, 12:42am CST | by

San Juan, March 9 (IANS/EFE) The Puerto Rico unit of Baxter International Inc. plans to eliminate 400 jobs at its pharmaceutical production facility in Aibonito, the town's mayor said Friday.

San Juan, March 9 (IANS/EFE) The Puerto Rico unit of Baxter International Inc. plans to eliminate 400 jobs at its pharmaceutical production facility in Aibonito, the town's mayor said Friday.

Layoffs will begin in June with the loss of 100 positions as the company shifts some operations to the Dominican Republic and automates selected processes at the Aibonito plant, William Alicea said.

The cuts represent a significant blow to the economy in Aibonito, where Baxter once employed 900 people and remains one of the town's largest employers, the mayor said.

Baxter has plans to invest up to $35 million on new machinery for the Aibonito plant.

The company has operated in Puerto Rico since 1958 and has roughly 4,000 employees on the island.

Baxter Puerto Rico has manufacturing facilities in Jayuya, Aibonito and Guayama, a logistics center in Catano and sales and marketing offices in Guaynabo.

--IANS/EFE

rd

IANS

Source: IANS

 
Update
11

1 week ago

Disney executive chef dishes on what’s new at this year’s Epcot Food & Wine Fest (Video)

Sep 5 2014 2:01pm CDT | Source: Orlando Business Journal

Epcot Executive Chef Jens Dahlmann is excited about what’s planned at the Puerto Rico Marketplace for this year’s Epcot International Food & Wine Festival for a few reasons — including one that hits home for him. Dahlmann, the mastermind behind the culinary portion of Walt Disney World’s annual gastro-gala, at a Sept. 4 preview event shared details with media representatives and bloggers about some of the newer ...
Source: Orlando Business Journal   Full article at: Orlando Business Journal
 

 
Update
10

1 week ago

SBA recognizes top business accelerators

Sep 5 2014 7:50am CDT | Source: San Antonio Business Journal

Break Fast and Launch, a San Antonio-based business accelerator, has received a $50,000 grant from the U.S. Small Business Administration as part of the first Growth Accelerator Fund competition. The SBA reviewed more than 800 applications and selected 50 winners representing 31 states, the District of Columbia and Puerto Rico. Dream It Ventures of Austin was also among the award recipients. In accepting the funds, the accelerators ...
Source: San Antonio Business Journal   Full article at: San Antonio Business Journal
 

 
Update
9

4 weeks ago

Signature Flight Support acquires 3 new Caribbean sites

Aug 15 2014 8:42am CDT | Source: Orlando Business Journal

Signature Flight Support announced Aug. 15 that it has bought the assets of FBO 2000, including its three locations in the Caribbean. The three FBO 2000 sites include V.C. Bird Antigua International Airport, R. Bradshaw International Airport in St. Kitts and Vance W. Amory International Airport in Nevis. The acquisition expands Signature Flight Support’s growing Caribbean network, which already includes locations in San Jan, Puerto Rico and St. Maarten, as well as a recent licensing agree ...
Source: Orlando Business Journal   Full article at: Orlando Business Journal
 

 
Update
8

5 weeks ago

Bed Bath & Beyond Outlook Examined By Capital Ladder Advisory Group

Aug 12 2014 2:15pm CDT | Source: SeekingAlpha

BySeth Golden:As of the most recently reported quarterly results, Bed Bath & Beyond (NASDAQ:BBBY) operates 1,504 stores in North America and Mexico. Of these 1,504 stores, they consist of 1,016 Bed Bath & Beyond stores in all 50 states, the District of Columbia, Puerto Rico, and Canada; 268 stores under the names World Market, Cost Plus World Market, or Cost Plus; 92 buybuy BABY stores; 78 stores under the names Christmas Tree ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
7

5 weeks ago

Conrad de Aenlle's Funds For Thought: Your money is at risk when mutual funds aren’t diversified

Aug 8 2014 4:01am CDT | Source: MarketWatch

Franklin Double Tax-Free Income fund recently had almost two-thirds of its portfolio in Puerto Rico bonds -- and shareholders suffered greatly when those bonds lost value, writes Conrad de A ...
Source: MarketWatch   Full article at: MarketWatch
 

 
Update
5

5 weeks ago

Vincent Ayala, Sr.

Aug 7 2014 4:33am CDT | Source: Elyria Chronicle-Telegram

Vincent Ayala, Sr., 81, of Elyria, passed away Tuesday, July 30, 2014. Born March 23, 1933 in Rio Piedras, Puerto Rico he was the son of the late Pablo Ayala and Victoria Gotay. Vincent worked for the City of Elyria for 29 years. He also served in the United States Army. In addition to his Read More...The post Vincent Ayala, Sr. appeared first on Chronicle-Telegram.Click here to read this story on The Chronicle-Telegram.Content copyright The Chronicle-Telegram. Your #1 source for ...
Source: Elyria Chronicle-Telegram   Full article at: Elyria Chronicle-Telegram
 

 
Update
4

6 weeks ago

The Wall Street Journal: Tropical storm Bertha rains on Puerto Rico

Aug 2 2014 2:55pm CDT | Source: MarketWatch

Tropical storm Bertha pushes just south of Puerto Rico on Saturday, as it unleashes heavy rains and strong winds across the region, knocking out power on some islands in the eastern Caribbean. ...
Source: MarketWatch   Full article at: MarketWatch
 

 
Update
3

6 weeks ago

Update: OFG Bancorp Q2 2014 Earnings

Aug 1 2014 9:24am CDT | Source: SeekingAlpha

ByProfit Fan:From an operational perspective, just about everything about OFG Bancorp (NYSE:OFG) continues to improve and outpace growth at virtually every bank in North America. Unfortunately, this Puerto Rican island bank is in Puerto Rico, and the country continues to struggle. On top of that, every financial company connected to PR took a nosedive this week after the Argentinean debt debacle.For Q2 2014, OFG reported steady core ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
2

6 weeks ago

Julia Velez

Aug 1 2014 4:33am CDT | Source: Elyria Chronicle-Telegram

Julia Velez, 86, of Lorain, passed away Wednesday, July 30, 2014 after a lengthy illness. She was born January 21, 1928 in Moravis, Puerto Rico, to Manuel and Sarah (nee Santos) Silva. Julia came to Lorain in 1954 and has made her home here ever since. Julia was a homemaker who devoted her life to Read More...The post Julia Velez appeared first on Chronicle-Telegram.Click here to read this story on ...
Source: Elyria Chronicle-Telegram   Full article at: Elyria Chronicle-Telegram
 

 
Update
1

8 weeks ago

Best ETFs for Traders: Municipal Bonds

Jul 23 2014 9:27am CDT | Source: Forbes Real Time

Do you want to speculate on when we’ll get the next Detroit or Puerto Rico? You could do that buying and selling a municipal bond ETF. The table below shows the ones that are the cheapest to trade and hold for a brief period. ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

blog comments powered by Disqus

Latest stories

NASA spacecraft to reach Mars this weekend
Washington, Sep 18 (IANS) US space agency NASA said Wednesday its Mars Atmosphere and Volatile Evolution (MAVEN) spacecraft will enter orbit around the Red Planet this weekend.
 
 
Russia's Gazprom to sign gas supply contract with China
Moscow, Sep 18 (IANS) Russian energy giant Gazprom have planned to sign a 30-year gas supply contract with China via the western route, the company's CEO Alexei Miller said Wednesday.
 
 
East African countries vow to preven Ebola
Nairobi, Sep 18 (IANS) Ministers of health, transport and immigration from five eastern African countries Wednesday vowed to strengthen measures that would prevent spread of Ebola virus in the region.
 
 
World Bank warns Ebola's economic impact in West Africa
Washington, Sep 18 (IANS) The Ebola virus that has become rampant in West Africa will enormously hurt fragile economic growth of the three hard-hit nations of Guinea, Liberia, and Sierra Leone if it goes unchecked, the World Bank warned Wednesday.
 
 
 

Latest from the Network

House okay's Obama's plan to train, equip Syrian rebels
Washington, Sep 18 (IANS) The US House of Representatives Wednesday approved President Barack Obama's plan to train and equip Syrian rebels as part of efforts to fight the Islamic State militant group. The chamber...
Read more on Politics Balla
 
Pro-Britain, independence supporters put final efforts
Edinburgh, Sep 18 (IANS) Both sides in the Scottish referendum campaign have held rallies Wednesday as they make their final efforts to win over undecided voters, BBC reported. Independence supporters attended a mass...
Read more on Politics Balla
 
Chad Kroeger and Avril Lavigne have trust issues
Avril Lavigne and Chad Kroeger reportedly have major trust issues. The couple, whose 14-month marriage is allegedly on the rocks, are said to have been ''fighting a lot'' in recent months because they are both very...
Read more on Celebrity Balla
 
Whitney Port is relaxed about wedding
Whitney Port says she never dreamed of having a ''fairytale wedding.'' The former 'The Hills' star, who is engaged to Tim Rosenman, insists she isn't stressed out about their upcoming nuptials and only recently started...
Read more on Celebrity Balla
 
Kristen Wigg is dating Scott Speedman
Kristen Wiig is rumored to be dating Scott Speedman. The 'Bridesmaids' star, who split from The Strokes rocker Fabrizio Moretti last year after 18-months together, and the former 'Felicity' actor have reportedly been ''...
Read more on Celebrity Balla
 
Ashley Tisdale French's wedding was 'romantic'
Ashley Tisdale French's wedding was ''rustic and romantic.'' The 29-year-old actress married rocker Christopher French near Santa Barbara, California last week, in front of 100 guests, including former '90210' star...
Read more on Celebrity Balla
 
Post motherhood, Hilary Duff feels 'strong as hell'
Los Angeles, Sep 18 (IANS) Singer-actress Hilary Duff says she has found new confidence after becoming a mother. The 26-year-old has a two-and-a-half-year-old son Luca Cruz. "One of the coolest things about being a...
Read more on Celebrity Balla
 
NASA spacecraft to reach Mars this weekend
Washington, Sep 18 (IANS) US space agency NASA said Wednesday its Mars Atmosphere and Volatile Evolution (MAVEN) spacecraft will enter orbit around the Red Planet this weekend. The spacecraft has completed a 10-month...
Read more on Apple Balla
 
Russia's Gazprom to sign gas supply contract with China
Moscow, Sep 18 (IANS) Russian energy giant Gazprom have planned to sign a 30-year gas supply contract with China via the western route, the company's CEO Alexei Miller said Wednesday. "Gazprom plans to sign a contract...
Read more on Business Balla
 
African Union, Russia vow to strengthen cooperation
Addis Ababa, Sep 18 (IANS) The African Union (AU) and Russia Wednesday vowed to strengthen their partnership and cooperation in different areas. Russia's Foreign Minister Sergey Lavrov, during his visit to the AU...
Read more on Politics Balla