Pharmaceutical manufacturer announces 300 layoffs at Temecula plant
Wednesday, January 25th, 2012
Issue 04, Volume 16.
TEMECULA - Pharmaceutical manufacturing giant Abbott Laboratories today laid off 300 workers at a Temecula plant where vascular implants are made.
"We expect an additional several hundred layoffs at the facility over the course of the year," Abbott Labs spokeswoman Adelle Infante told City News Service.
She said the pink slips were issued in response to anticipated declines in orders for the Promus cardiovascular stent, which Abbott makes in partnership with Boston Scientific.
According to Infante, Boston's next-generation stent, Xienc, is expected to reduce demand for Promus, components of which are manufactured at Abbott's Temecula unit, which employs around 3,000 people.
Nationally, the company is slashing a total 700 jobs due to restructuring, Infante said.
In its fourth-quarter earnings report, released today, the Illinois- based medical products firm highlighted per share earnings growth of 12 percent, with worldwide sales up 4 percent.
Infante said Abbott's workforce reduction has nothing to do with the company's split, which is expected to be completed by year's end.
Accordign to Infante, all laid-off workers will Advertisement
[ Pala Mesa Resort ] receive severance packages and receive first consideration when and if positions open up in other segments of the company in which the downsized employees are qualified to work.
"I'm very disappointed to hear that Abbott's shrinking its workforce ... and 300 families will be in economic jeopardy because their loved ones have lost their jobs," said Riverside County Supervisor Jeff Stone, whose district encompasses Temecula.
"Hopefully these workers can find jobs that are commensurate with their skills," he told CNS. "The county's doors are open for them and anybody else who needs help finding work."
Stone said the county's four Workforce Development Centers provide a plethora of resources for job-seekers, including matching prospects with recruiters and offering re-training services.
The supervisor said the county's "nagging" 12.5 percent unemployment rate won't improve much, and jobs will continue to leave the county and state, until regulatory burdens are lifted and taxes are reduced.
"Hopefully we'll see some dramatic changes with keeping jobs and attracting businesses here after the November elections," the supervisor said.
|unacceptable unemployment rate|
Comment #1 | Thursday, Jan 26, 2012 at 8:39 am
Too bad there are no jobs out there to look for. I have been unemployed for over 4 yrs now and still can't find anyone to hire me. Good Luck in your job search everyone. The economy is still bad and people are still losing their jobs.
|Fallbrook Resident since 8|
Comment #2 | Thursday, Jan 26, 2012 at 9:24 am
Wait a minute didn't Abbott's executives hear the state of the union..............everything is good, happy days are here again!!
Sorry, my tounge is firmly planted in my cheek. The comment about the November elections was interesting. It's clearly a time for change everyone; starting with the executive branch all the way into congress.
Are you better off now? If not, you know what you should do.
Comment #3 | Thursday, Jan 26, 2012 at 2:49 pm
Hmmm........Wonder if this has any thing to do with Abbotts new Costa Rican facility??
Comment #4 | Thursday, Jan 26, 2012 at 4:00 pm
VOTE VOTE VOTE VOTE. Take the Senate, keep the house, and Impeach, evict and disinfect the west wing.
Comment #5 | Thursday, Jan 26, 2012 at 5:02 pm
How can our manufacturers compete when we burden them with the highest tax rates in the free world?
Small wonder they take their manufacturing out of the states.
Those that voted for President Obama may wish to reconsider their vote, three years later we are still going down the tube.
Perhaps another Chicago street organizer will do better.
Comment #6 | Thursday, Jan 26, 2012 at 6:03 pm
Wow. A rich Democrat went on TV and whined about “fairness.” How innovative. If Obama wants to point out the flaws in our economic system, he should point out the fact that someone like him is wealthy as an example. He should hold himself up as the ultimate example of unfairness. “If some as useless as me is rich, obviously the system is rigged.”
Comment #7 | Friday, Jan 27, 2012 at 8:34 am
After driving out the old industrial base (auto and airplane assembly, for example), air and water regulators and tax policies are now driving out the high-tech, biotech and even Internet-based companies that were supposed to be California's future.
The California cap-and-trade tax on business in the name of reducing CO2 makes our state the leader in wacky environmentalism and guarantees a further job exodus from the state.
Even green energy companies can't do business in California . Solyndra went under, taking its taxpayer loan guarantee with it.
Comment #8 | Friday, Jan 27, 2012 at 11:40 am
Re-elect Obama 2012! Just say no to Republican reich-wing candidates! Romney, Swingrich, Santorum (ewww).
Keep the Senate, take back the House! If there's any impeaching to be done it's too late. Bush and Cheney are out of office. But it still isn't too late to try them in the Hague for crimes against humanity and genocide, is it?
Comment #9 | Friday, Jan 27, 2012 at 11:48 am
You need to get your facts straight, Guys! – unemployment is already at 3%. We know this because Obama has been focused, “laser-like”, on unemployment for more than three years. And we all know there’s nothing Obama can’t do in one Term. In fact, the Obama administration has projected that unemployment will be at -27% by the end of the year. Try doing a little research next time before you impugn our great president....[Sarc off]
|Fallbrook Resident Since 86|
Comment #10 | Friday, Jan 27, 2012 at 4:23 pm
Give Me a Break.
It's an election year, do you really believe the twaddle that the politicians are spewing...............that's what they do to keep their jobs!!
It comes down to are you better off now than before the last election? The answer is a definite NO!
Are you getting more for your tax dollar.......no. Schools and public services are being cutback.
Is illegal immigration under control........no, they just stopped coming because there's less work for them
Are we out of the stupid "nation building" wars started by Bush/Cheney and have the young men and women stopped dying in wars started by old politicians ........no. If they'd wanted to have them all home Obama and the rest could have done it the day after he was inaugurated.
Is Quantanomo closed.......no. It's probably going to be our 51 state,
Is your property value increasing on your home if you've been lucky enough to keep it............no. The banks that you all bailed out continue to take them back.
Are there less pot holes in the streets........no. The infrastructure continues to rot but they have sewers and fresh water in Iraq
The only way you can answer it any otherway is if your unemployment check increased......
We don't need hope we need a definite change.
Comment #11 | Friday, Jan 27, 2012 at 7:22 pm
The only reason many people are still without a job and have been on employment, is because they lack to train in a new area and or because they lack the opportunity to go to school and further their education(s). You dont have to sit around and wait for a check to come in the mail! Go out there and make a differnece for yourself instead of giving others false information about"There is no work out there".
Comment #12 | Saturday, Jan 28, 2012 at 8:08 am
Totally agree with Resident Since '86. I would like to add that all grocery items have increased in price tremendously with smaller packaging not to speak of the price of gasoline. Plus, the Canadian pipeline being vetoed by our president, absurd.
Comment #13 | Saturday, Jan 28, 2012 at 10:03 am
@NOTE: You have your head planted firmly in the sand. There are people with Masters degrees that can't find a job right now!! Our economy is in the toilet, businesses are going under and others are leaving the state as fast as they can. Getting a good education is always a good idea BUT everyone is having problems finding jobs right now not just those with little or no training.
Comment #14 | Saturday, Jan 28, 2012 at 6:24 pm
"Frankly, I don't know what it is about California, but we seem to have a strange urge to elect really obnoxious women to high office. I'm not bragging, you understand, but no other state, including Maine, even comes close. When it comes to sending left-wing crazies to Washington, we're number one. There's no getting around the fact that the last time anyone saw the likes of Barbara Boxer, Dianne Feinstein, Maxine Waters, and Nancy Pelosi, they were stirring a cauldron when the curtain went up on 'Macbeth'. The four of them are like burros who happen to possess the gift of blab. You don't know if you should condemn them or simply marvel at their ability to form words."
Comment #15 | Sunday, Jan 29, 2012 at 1:51 pm
I really do believe that liberalism is a mental disorder perpetuated through indoctrination in our public schools, and through television into our homes, and through activist liberal judges making absurd decisions that make individuals feel personally threatened with fines or jail time for doing anything that might be perceived as politically incorrect or racist. Even scared to discipline thier kids in public or even in the privacy of their own home!! People should really be screened for liberalism and be hospitalized or have court ordered therapy to correct it. It's the new Marxist tactic, along with this "organic, Eco crap that being pushed on society. Green is the new "Red". Think about it.....
Comment #16 | Sunday, Jan 29, 2012 at 7:54 pm
I partially agree with "Note". Speech Pathologists are in very high demand. My daughter was on the waiting list for speech services at Childrens for over a year! I finally gave up and found another facility to which that pathologist's book filled within a few weeks. If your kid is getting ready to graduate have them look into speech therapy as their major!
Comment #17 | Monday, Jan 30, 2012 at 8:04 am
Do not despairCarla! for I, your Savior, will put these non-believers in camps and put you in charge of this blog. I say again, your unthinking adoration of Me will be rewarded!
Comment #18 | Monday, Jan 30, 2012 at 3:05 pm
Carla, just tell us all exactly how Bush or Cheney committed crimes against humanity or genocide? Where and when did it happen, and exactly how?? If you cant tell us even that much, then you can be sure we all will give your opinion the respect and attention it deserves, which isnt much. I dare ya, give us the details that you surely are so knowlegeable of. C'mon. Tell us. Bet ya can't because it's a fig newton of your absurd imagination. Right?
Comment #19 | Tuesday, Jan 31, 2012 at 3:24 pm
The economy was poised for a crash with ridiculously inflated housing prices and huge corporate profits going to the rich, (getting richer). This was caused by run-away unregulated greed in the banking systems. Does George Bush Jr. ring a bell to anyone? He let it happen. Obama has been mopping up the mess ever since. Corporations move from California and the country to save 3-5% margin..but still make money, and still compete. They don't give a darn about saving jobs here. The government should raise duty rates to keep the foreign made products from coming in so cheap. That, together with rising transportation costs, and the wage increases in China will cause companies to move back. It's a 30-50 year cycle, not an Obama caused problem after just 3 years. I will bet anyone that if the Republicans take office, after 3 years, Riverside county will still be suffering high unemployment. It's because its hot and smoggy and a crumby place to live and work.
|Really? (the real one)|
Comment #20 | Wednesday, Feb 1, 2012 at 11:26 am
Fail JD- Ever heard of the shrinking GDP in the 3rd quarter of 2000?
Bush inherited a failing economy, brought about by the NASDAQ crash in April 2000. Then 911. Was it Clinton's fault? No.
The 2008 crash, by contrast, was a DIRECT RESULT of DEMOCRAT obstructionism in reigning in the Freddie/Fannie and the subprime market...going back to their threatened filibusters over Bushs' proposed legislation starting in 2003, and democrats' complete disregard of the problem when they took over in January 2007. Three Dems have their hands all over it: Clinton, Dodd, Frank (and add Rubin, Jim Johnston, and Raines). Bush tried to stop them repeatedly, and was shut down by the Dems.
Cutting government spending would be the best prescription for the current economic slumber. I know liberals aren't inclined to follow logic, but if you believe government spending is a positive force in the economy, wouldn't you think that Obama's policies would have caused an economic boom?
Oh yeah, it's Bush's fault. Ho Hum
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|Get A job|
Comment #21 | Thursday, Feb 2, 2012 at 8:15 am
He is HALF WHITE Carla...............Who is racist????...........he is an incompetent - we don't care what color the incompetent guy is.