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Eli Lilly to Eliminate 3,500 Jobs; Close Shanghai, N.J. R&D Operations

07:22 EDT 7 Sep 2017 | Genetic Engineering News

Eli Lilly said this morning it will eliminate 8% of its workforce—approximately 3,500 jobs—through a restructuring designed to cut costs and further focus the company on developing new treatments. Lilly said the majority of the 3,500 jobs would be eliminated through a voluntary early retirement program in the U.S., though the company will also shut or consolidate some of its facilities, and eliminate some jobs worldwide. The pharma giant said its global “productivity improvement efforts” will include: The shutdown of its R&D office in Bridgewater, NJ; The shutdown of the Lilly China Research and Development Center in Shanghai; A shift of production from its animal health manufacturing facility in Larchwood, Iowa, to an existing plant in Fort Dodge, Iowa, and Additional consolidations of existing shared service centers. Lilly employed approximately 41,975 people worldwide as ...

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