Category: Hiring/layoffs
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Granholm Offers Michigan as Template for Clean Energy Economy
Probably no U.S. state has suffered more from the collapse of American manufacturing in the first decade of the 21st century than Michigan. But that state’s governor now offers Michigan’s experience as a model for rebuilding the country’s economy with clean energy as its core. Governor Jennifer Granholm — in a talk that was equal…
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Cypress Bioscience to Cut Business Lines, Slash Workforce
Cypress Bioscience in San Diego, California announced today several cost-cutting measures including a sharp reduction in staff. The steps announced will end a co-promotion agreement with Forest Laboratories, and close the company’s personalized testing services. The drug development company discontinued an agreement with Forest Laboratories to co-promote Savella, its drug for fibromyalgia, a disorder causing…
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Report: Startups Help Sustain Long-Term Job Growth
An analysis of U.S. Census Bureau business data by the Ewing Marion Kauffman Foundation indicates that the numbers of jobs created by startup companies in the U.S. since 1977 have stayed fairly stable, even while most of the startup companies themselves have disappeared. The report — After Inception: How Enduring is Job Creation by Startups?…
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Study Shows Impact of Manufacturing R&D in Michigan
The Detroit News reports today on a new study by the Anderson Economic Group, a consulting firm in East Lansing, Michigan, that gauges the financial impact of the University Research Corridor (URC), a consortium of Michigan’s three largest universities on the state: Michigan State University, the University of Michigan, and Wayne State University. The report…
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Drug Discovery Company Cutting 30% of Staff
Adolor Corporation, a drug discovery and development company in Exton, Pennsylvania will reduce its staff by 30 percent to meet an expected cash flow reduction over the next two years. The company specializes in pharmaceuticals for pain management. In its press release, Adolor says sales of its flagship product Entereg, developed for upper and lower…
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Genzyme to Expand its Suburban Boston Campus
Genzyme Corporation, a biotech company in Cambridge, Massachusetts, plans to double the size of its manufacturing and research facilities in nearby Framingham, according to a story by Scott Van Voorhis in yesterday’s Boston Globe. The plan involves doubling the size of that facility and adding up to 1,000 new jobs, according to a company executive…
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U.S. R&D Companies Employ 27 Million Worldwide
More than 27 million people worldwide worked at U.S. companies in 2008 that fund or conduct research and development, according to new statistics from the National Science Foundation (NSF). Solid majorities of the 27.1 million employees in those companies worked in the U.S. (68%) or for manufacturing companies (60%). In these companies, however, just under…
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Merck to Cut Workforce, Close Research and Manufacturing Sites
Merck & Co. in Whitehouse Station, New Jersey announced today a consolidation of its research and manufacturing operations, reducing its workforce 15 percent and closing eight research and eight manufacturing sites. The reductions in sites and workers are part of Merck’s integration of facilities with Schering-Plough, following its acquisition in November 2009. The company says…