KV Pharmaceutical Ther-Rx Layoffs Job Cut: may fire 1700 employees: Finance Trading Times

KV Pharmaceutical Ther-Rx Layoffs Job Cut: may fire 1700 employees

The news is from the KV Pharmaceutical which may be going for layoffs. The news is not good for the employees of KV Pharmaceutical. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest additon to the list of organization which may go for layoffs is the KV Pharmaceutical. KV Pharmaceutical Logo

How many employees may be fired in the KV Pharmaceutical layoffs?
The news is that there may be 1700 job cuts by the KV Pharmaceutical.

What is the total no. of employees of KV Pharmaceutical ?
Total No. of employees of KV Pharmaceutical is not known as of now.

What will be the cost and savings by KV Pharmaceutical layoffs?
No info available about that.

When will the KV Pharmaceutical layoffs happen?
As per the reports, some layoffs are already done while some may be happening in the near future.

Which locations and department of employees will be affected by the KV Pharmaceutical layoffs ?
Houston Texas area will be affected by the layoffs. KV Pharmaceutical & the subsidiary company called Ther-Rx Corporation employees will be affected by the proposed layoffs. Mostly, it will be the sales employees who will get hit. The companies also laid off 21 other positions at Texas offices in Frisco, Ovilla and Coppell.

What is the primary reasons for KV Pharmaceutical layoffs?
The layoffs are being done as a part of cost cutting exercise.

Any other news about KV Pharmaceutical layoffs
As per BizJournal, KV Pharmaceutical in February announced it would reduce its work force by about 1,700 employees as part of cost-cutting measures.
Let's hope that alternative jobs are available to the affected employees of KV Pharmaceutical Layoffs Job Cut
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