Sunday, August 31, 2014
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Layoffs slowing overall, but pharma still cutting, report says

Planned layoffs by all U.S. employers fell to a 13-month low in June, according to a report. Fewer health care workers lost jobs, but the cuts continued in pharmaceuticals.

Layoffs slowing overall, but pharma still cutting, report says

Planned layoffs by all U.S. employers fell to a 13-month low in June, and while fewer health care workers lost jobs, pharmaceuticals workers did not fare as well, according to a report by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The June report was released Thursday morning.

In the "health care/products" category, 1,981 jobs were to be cut this June versus 3,729 in June of 2011. The June figure was also fewer than the 2,353 cuts in May of 2012. The job cuts for the first six months of 2012 were 14,158 in that sector, an increase over 10,027 in 2011, according to the Challenger report.

In pharmaceuticals, there were more planned cuts in June 2012 than a year earlier and one month ago, according to Challenger.

The report said 2,945 pharmaceutical jobs were scheduled to be cut in June of this year, which is big jump over May of this year (212 jobs) and June of last year (1,082 jobs).

David Sell
About this blog
David Sell blogs about the region's pharmaceutical industry. Follow him on Facebook.

For Inquirer.com. Portions of this blog may also be found in the Inquirer's Sunday Health Section.

Reach David at dsell@phillynews.com.

David Sell
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