There is more potential downsizing going on with big Pharma. Just yesterday an article related to the number of plants set to the be closed in the US. I might guess this could be the sign of more outsourcing overseas. BD
Last year, Bristol-Myers Squibb said it was cutting some 4,000 jobs as part of a plan to save $1.5 billion. This morning, the company said it’s planning “an additional $1 billion of cost savings by 2012” — suggesting more jobs could get the ax. The company said details about the plan — which in the upside-down world of corporatespeak is called a “productivity initiative” — would be released by the end of the year.