The plant will be closed by August 2016. However, this is four years later than the company originally expected to shut it down. Original estimates, given in 2009, had the plant closing completely this year. Over the next few years the 337 employees that run the plant will lose their jobs, beginning with 112 layoffs at the beginning of July. This is the approximate date that the plant was originally scheduled to shut down on. Following that there will be further layoffs on Dec. 31, 2012, June 30, 2013, and Dec. 31, 2014. After these last layoffs, the plant will finally shut down completely and no longer be in working order.
The plant was able to stay open for longer than expected due to agreements with other drug suppliers to make medication on a contract basis. However, now that part of the business is closing off the company is ready to start shutdown procedures in earnest.
The reason for the planned shutdown is that the plant suffered a significant decline in the volume of Sanofi products that were being manufactured there. In short, the plant is no longer serving a profitable purpose. This led to Sanofi deciding to put the plant on the market. However, the plant was on the market for a year and no buyers stepped forward to purchase it.To continue reading, click here.
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