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

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Drugmaker to cut 400 jobs in Puerto Rico
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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....

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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

 
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2 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, Pue ...
Source: Orlando Business Journal   Full article at: Orlando Business Journal
 

 
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2 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 ...
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3 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 Aenlle. ...
Source: MarketWatch   Full article at: MarketWatch
 

 
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3 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 sourc ...
Source: Elyria Chronicle-Telegram   Full article at: Elyria Chronicle-Telegram
 

 
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7

4 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 Carib ...
Source: MarketWatch   Full article at: MarketWatch
 

 
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4 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 earnings that added up to $0.38 per share, down from ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
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4

4 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 The Chronicle-Telegram.Content copyright The Chroni ...
Source: Elyria Chronicle-Telegram   Full article at: Elyria Chronicle-Telegram
 

 
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3

5 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. The Best ETFs for Traders survey measures ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
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5 weeks ago

JetBlue reducing Jax to Puerto Rico flights

Jul 22 2014 7:20am CDT | Source: Business Journal of Jacksonville

JetBlue airlines is cutting back on its flights from Jacksonville International Airport to San Juan, Puerto Rico, according to the Florida Times-Union. Originally, JetBlue offered nonstop service from JIA to San Juan. However, in September the airline will be cutting back to a seasonal service between April and September. This coming fall, service will stop September 3 until the following April. Read more a ...
Source: Business Journal of Jacksonville   Full article at: Business Journal of Jacksonville
 

 
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1

6 weeks ago

Qsource awarded $39.5 million contract from CMS for multi-state work

Jul 21 2014 2:37pm CDT | Source: Memphis Business Journal

Qsource, a health care quality and IT consultancy, has been awarded a five-year, $39.5 million contract from the Centers for Medicare & Medicaid Services as part of a complete overhaul of the agency's quality improvement efforts across the U.S. The contract is part of the restructuring of CMS's Quality Improvement Organization (QIO) program, which is shrinking from a network of 53 QIOs (one in each state plus the District of Columbia, Puerto Rico ...
Source: Memphis Business Journal   Full article at: Memphis Business Journal
 

 

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<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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