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updated: 11/2/2009 3:35:15 PM
Lilly Reducing Sales Force
Indianapolis-based Eli Lilly and Co. (NYSE: LLY) plans to layoff 191 salespeople throughout the U.S. by the end of the year. In a letter to the Indiana Department of Workforce Development, the pharmaceutical maker says the reductions are related to a sales force restructuring. The contracts of the affected employees were due to expire at the end of 2011, but there was some flexibility to change that date.
Source: Inside INdiana Business
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The reductions are another step in Lilly's ongoing restrcuturing.
The company recently announced it is selling its manufacturing facility in Tippecanoe County to Evonik Industries AG.
Last week, Lilly announced it opened a new biotechnology center in San Diego, which will serve as the work base for more than 100 scientists.
Source: Indiana Department of Workforce Development, Inside INdiana Business
