Pfizer plans to shutter its Peapack campus in northern New Jersey, impacting nearly 800 jobs.
Medical syringe and medicine pills are seen with Pfizer logo in the background in this illustration photo taken in Krakow, Poland on December 14, 2021.
The company plans to close its Peapack campus in Somerset County by February 2024, according to a statement given to healthcare news website Pfizer has faced slumping sales this year, with sales of its COVID-19 vaccine and its coronavirus treatment weaker than it had expected in 2023. Pfizer Inc. now foresees 2023 revenue in a range of $58 billion to $61 billion, down from its prior forecast for $67 billion to $70 billion, according to the
Earlier this month, the company announced a sweeping $3.5 billion cost-cutting initiative due to this weakened demand. It is unclear how cost-cutting measures will affect, Pfizer says a "vast majority" of Peapack workers will be relocated to the company's New York City headquarters, while some will be reassigned to work at the company's Parsippany, New Jersey, site.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ascension St. Vincent’s Riverside has conducted over 800 robotic-assisted proceduresAscension St. Vincent’s Riverside pulmonology care team campus has now conducted over 800 robotic-assisted bronchoscopy procedures to help patients with lung cancer.
Read more »
Sparta rallies, jolts Hillside in N1G3 first roundSparta over Hillside - Football - North Jersey, Section 1, Group 3 first round
Read more »
Boys Soccer Roundup for the North Jersey, Section 1, Group 2 quarterfinalsFour quarterfinal games are set for Saturday.
Read more »
Boys soccer roundup for North Jersey Section 2, Group 3, quarterfinal round (PHOTOS)A recap of all the quarterfinal action in North Jersey Section 2, Group 3
Read more »
Boys soccer roundup for North Jersey Section 1, Group 4, quarterfinal roundA recap of all the quarterfinal action in North Jersey Section 1, Group 4
Read more »
New York, New Jersey voter guide: What to know for Nov. 7 general electionHere are some key dates and deadlines to know before you go, along with a look at some issues on the ballot in New York City.
Read more »