Abbott to cut 1,900 jobs — 1,000 of them here (Illinois)

Chicago Sun Times ^ | 1/26/2011 | AP with Francine Knowles

[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.

[RnMomof7]

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

[Tanniker Smith]

[Western Phil]

Wonder which Communist or Third World Craphole is getting those 1900 jobs?

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

[dragnet2]

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.

[dragnet2]

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...

[RnMomof7]

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

[The Comedian]

Mission Accomplished

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

[A_Tradition_Continues]

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.

[dragnet2]

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....

[lowbridge]

bump

[NRG1973]

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

[WVNan]

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.

[wetgundog]

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.

[Cobra64]

"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.

[Wuli]

“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!!!