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Abbott to cut 1,900 jobs — 1,000 of them here (Illinois)
Chicago Sun Times ^ | 1/26/2011 | AP with Francine Knowles

Posted on 01/26/2011 10:56:36 AM PST by coaltrain

Abbott Laboratories said it is axing 1,900 workers, including about 1,000 of its more than 13,000 people in Northern Illinois as part of a restructuring.

Most of the cuts will take place in the North Chicago-based company’s Lake County pharmaceutical manufacturing operations...

Abbott blamed the cuts on new fees and pricing pressures associated with the healthcare reform law and a “challenging regulatory environment” at the Food and Drug Administration, which approves new drugs.

(Excerpt) Read more at suntimes.com ...


TOPICS: News/Current Events
KEYWORDS: biggovernment; chicago; illinois; obamacare; quinn; socialism
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To: coaltrain

The truth..Abbott is moving work to China where men work for a quarter and hour and we have no clue what os REALLY in their products.. thanks free trade


21 posted on 01/26/2011 11:41:46 AM PST by RnMomof7 (Gal 4:16 asks "Am I therefore become your enemy, because I tell you the truth?")
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To: coaltrain

22 posted on 01/26/2011 11:42:52 AM PST by Tanniker Smith (I didn't know she was a liberal when I married her.)
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To: UCFRoadWarrior
Wonder which Communist or Third World Craphole is getting those 1900 jobs?

You'll be better off having the Dr. prescribe a placebo.

23 posted on 01/26/2011 11:50:47 AM PST by Western Phil
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To: coaltrain

The government said last night we’re doing better and were on the road to recovery...

Of course, you’d have to be drooling in a cup to believe a word they say.


24 posted on 01/26/2011 11:53:27 AM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: RnMomof7
The truth..Abbott is moving work to China where men work for a quarter and hour

Yes, but America should be thank Communist China for all their great products and values offered at Walmarts...

25 posted on 01/26/2011 11:55:50 AM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: dragnet2

Ohhh yea.. thats right..we no longer need as much money as we used to.. we can get imported stuff cheap


26 posted on 01/26/2011 12:23:03 PM PST by RnMomof7 (Gal 4:16 asks "Am I therefore become your enemy, because I tell you the truth?")
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To: coaltrain
Mission Accomplished


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

27 posted on 01/26/2011 12:38:52 PM PST by The Comedian (Obama is just the cherry on top of the $hit sundae of fraud the democrats have become.)
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To: dragnet2
Yes, but America should be thank Communist China for all their great products and values offered at Walmarts...and K Mart and Sears, and JC Penny's and Dillards, and Kohls' and every other retailer in the USA.

Face it, the USA simply doesn't produce anything any more.

28 posted on 01/26/2011 12:40:35 PM PST by A_Tradition_Continues (formerly known as Politicalwit ...05/28/98 Class of '98)
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To: A_Tradition_Continues
Where are all the pro-global economy groupies and pro-free trade/NAFTA fans we used to see on Free Republic?

They seem to have all left...Very odd.

I remember a bunch of them here about 5 years ago....

29 posted on 01/26/2011 12:53:15 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: coaltrain

bump


30 posted on 01/26/2011 12:59:25 PM PST by lowbridge (Rep. Dingell: "Its taken a long time.....to control the people.")
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To: coaltrain

Didn’t Illinois choose to increase its taxes 66%? I wonder if...no, it couldn’t be.


31 posted on 01/26/2011 1:01:14 PM PST by NRG1973
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To: coaltrain

Who would have thought that obama would purposely drive a pharmaceutical co. out of business just as he proposes that the government put millions in a government run pharmaceutical research and development org.? Hummmm? Line up now and take your medicine.


32 posted on 01/26/2011 1:24:33 PM PST by WVNan
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To: coaltrain

Are these some the new biomedical research jobs OBAMAO was touting in the SOTU speech last night.

What a F’n lying sack of Sh!t.


33 posted on 01/26/2011 1:54:26 PM PST by wetgundog (" Extremism in the Defense of Liberty is no Vice")
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To: coaltrain
"Abbott Laboratories said it is axing 1,900 workers, including about 1,000 of its more than 13,000 people in Northern Illinois as part of a restructuring.

Most of the cuts will take place..."

.

Holy crap! "Axing" and "cutting"?!

This is going to cause millions to go running down the streets of America killing women and children.

34 posted on 01/26/2011 3:34:04 PM PST by Cobra64
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To: coaltrain

“Abbott blamed the cuts on new fees and pricing pressures associated with the healthcare reform law and a “challenging regulatory environment” at the Food and Drug Administration, which approves new drugs.”

The KEY part of that news!!!


35 posted on 01/26/2011 5:20:05 PM PST by Wuli
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