Castle Law Office Blog | Missouri & Illinois Bankruptcy Legal Blog

Pfizer Eliminates Jobs. Will This Mean Layoffs for St. Louisans?

…And the economy continues to take hits. Big hits. Pfizer, a drug maker with offices all over the world, is eliminating 8 manufacturing plants and is planning to scale back at six additional locations. The planned cuts will eliminate 6,000 jobs.

Over the last six years, Pfizer has eliminated 38% of its workers and roughly 48,000 positions in an attempt to cope with the economic slump we are all experiencing. While spokespeople are saying that St. Louis will not feel the impact of Pfizer’s decisions right now, there is no telling what is in store for the future.

Despite the reports, the St. Louis Pfizer research facilities in St. Louis have cut their work force from 1,000 to 450 and have sold one research space.

Will Pfizer go the way of US Fidelis and KV Pharmaceutical? It’s too hard to tell. There is no doubt that the downfall of those two companies had a tremendous effect on the St. Louis job market and overall economy. However, in such a time of uncertainty, it is nice to know that you can still count on your St. Louis bankruptcy attorney.

A layoff is a catastrophic life event—leaving many families in need of protection from foreclosure, a solution to credit card debt, and relief from the harassment of creditors. You can suddenly be in more debt than you ever imagined possibly merely months after a layoff. Missouri and Illinois bankruptcy, however, can help. Request a free copy of my layoff report now to learn what options you have after job loss. 

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