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

Drugmaker to cut 400 jobs in Puerto Rico

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.

Mar 9 2013, 12:42am CST | by

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

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

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IANS

Source: IANS

 
 
 

<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.

 

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