Ann Arbor’s response to Pfizer’s exit provides lessons for others
A lot of other Pfizer towns are sweating the possibility of becoming ex-Pfizer towns, and they’re looking to Ann Arbor for answers on what to do if the worst happens.Excerpt:Pfizer, the pharmaceutical giant that slugged Ann Arbor’s economy in 2007 by announcing that it would shutter its 174-acre campus here, is still slashing jobs.Pfizer said Tuesday that it would cut another 6,000 workers, part of a continuous restructuring initiative attributable to changes in the drug industry and to Pfizer’s January 2009 acquisition of fellow giant Wyeth.Read the rest of the story here.
A lot of other Pfizer towns are sweating the possibility of becoming ex-Pfizer towns, and they’re looking to Ann Arbor for answers on what to do if the worst happens.
Excerpt:
Pfizer, the pharmaceutical giant that slugged Ann Arbor’s economy in 2007 by announcing that it would shutter its 174-acre campus here, is still slashing jobs.
Pfizer said Tuesday that it would cut another 6,000 workers, part of a continuous restructuring initiative attributable to changes in the drug industry and to Pfizer’s January 2009 acquisition of fellow giant Wyeth.
Read the rest of the story here.
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