Hospira Layoffs Job Cut: fires 1450 employees: Finance Trading Times

Hospira Layoffs Job Cut: fires 1450 employees

The news is from Hospira, a pharmaceutical and medication delivery company, which has gone for layoffs. The news is not good for the employees of the Hospira as the organization is going for job cuts. 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 Hospira. Hospira Logo

How many employees may be fired in the Hospira layoffs?
As per the reports, there may be around 1450 job cuts by the company.

What is the total no. of employees of Hospira ?
It is estimated that there are 14,500 employees at Hospira. So the cuts constitutes 10% of the total employees of Hospira.

What will be the cost and savings by Hospira layoffs?
Savings are expected to be in the range of 110 to 140 million USD. While the restructuring will incur 140 to 160 million.

When will the Hospira layoffs happen?
As per the reports, the layoffs will be made in the next 24 months.

Which locations and department of employees will be affected by the Hospira layoffs ?
No info about that.

What is the primary reasons for Hospira layoffs?
Operations streamlining, cost cutting are the major reasons.

Any other news about Hospira layoffs
As per Dividend.com, Hospira shares traded up $1.41, or +5.3%, in morning trading Tuesday.
Let's hope that alternative jobs are available to the affected employees of Hospira Layoffs Job Cut
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1 Comment: Post your Comments

zesty21desty said...(on 15 April 2010 at 15:19 )  

how can a medical company layoff employees? the recession is getting better, and the stock market is getting better what the heck? i am employed here and things are getting really rediculous they are making us work so hard that we are stressed and constantly tired.

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