SOURCE: Industrial Info Resources

 

SUGAR LAND, TX--(Marketwire - September 18, 2009) - Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- Earlier this week, Eli Lilly & Company (NYSE:LLY) (Indianapolis, Indiana) announced a massive global layoff plan to better fortify the company's defenses against the plagues of profit-killing generics. The grim diagnosis impacts 5,500 employees who will lose their jobs by 2011. Lilly expects to cut $1 billion in expenses by the end of 2011 through the planned job cuts and other measures.

Other companies featured: Wyeth (NYSE:WYE), Pfizer Incorporated (NYSE:PFE), Covance (NYSE:CVD)

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=150350, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy related markets. For more than 26 years, Industrial Info has provided plant and project opportunity databases, market forecasts, high resolution maps, and daily industry news. For more information send inquiries to pharmabiogroup@industrialinfo.com or visit us at www.industrialinfo.com.