updated: 10/21/2009 8:31:40 AM

Bristol-Myers Squibb Announces Layoffs

InsideINdianaBusiness.com Report

New York-based Bristol-Myers Squibb (NYSE: BMY) has unveiled plans to reduce its work force in southwest Indiana. In a letter to the Indiana Department of Workforce Development, the pharmaceutical maker says it will close its facility in Evansville. In addition, the company plans to lay off workers at its Mount Vernon plant. A total of 113 full-time employees are expected to lose their jobs.

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Source: Inside INdiana Business

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Both actions are scheduled to occur by the end of this year.

The company announced in August plans to relocate its Evansville operations to Mount Vernon.

At the time, the company said the decision was based on decreased demand for the pharmaceuticals produced in Evansville.

Source: Inside Indiana Business

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