IBJNews

Latest Lilly job cuts target marketing employees

Back to TopCommentsE-mailPrintBookmark and Share

Eli Lilly and Co. informed another 200 employees Friday that their jobs are being eliminated, including more than 100 in the Indianapolis area.

The jobs are marketing positions in Lilly’s biomedicines unit, which includes Lilly’s bestselling drugs, such as the antipsychotic Zyprexa and the antidepressant Cymbalta. The affected employees can apply for other jobs within Lilly—although there are a limited number of open positions.

The latest cuts are part of Lilly’s plans, announced in September, to trim 5,500 jobs from its payroll by the end of 2011. In April, Lilly said it had eliminated 1,500 jobs so far. Friday’s job cuts appear to be in addition to that total, but a Lilly spokesman would not confirm that.

Lilly is making more money than ever right now, but beginning in October 2011, the patents on its besetselling drugs will begin to expire, threatening to drain the company of roughly half its current revenue by 2015.

When Lilly announced its restructuring plan last year, it employed about 40,500 workers worldwide. However, it is also increasing hiring in China and other “strategic” areas. As of March 31, Lilly’s work force totaled 39,380.

“Work force reductions will be ongoing throughout the next several months in order to meet the company's publicly stated goals announced in Sept. 2009,” Lilly spokesman Ed Sagebiel wrote in an e-mail.

Previous layoff announcements have impacted laboratory researchers, sales representatives and manufacturing—including the transfer of the manufacturing plant in Lafayette to Germany-based Evonik Industries AG.

Lilly is providing outplacement and job search help to all employees who lose their jobs and do not find new ones at the company.

More details about Lilly’s restructuring plan can be found here.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Angela IS the best RD

  2. We are a nation of speed. All of our younger lives are filled with deadlines, quotas and bottom lines. We start to ease out of the pressured rat-race when we finally see "retirement." The most enjoyable travel on the planet is passenger rail service. Indy to Chicago does not beat Megabus or Southwest Airlines in speed. Passenger rail however has the best seating, mammoth legroon, seat backs that recline to more than 45 degrees and employers that really want you to return as a customer. Indiana municipalities need to maintain subsidies to support this transportation mode. Losing it is loss for all of us.

  3. Good day! I just want to testify how i got my loan from Mr. Eric Lefkofsky after i applied several times from various loan lenders who claimed to also testify right in this forum,i thought the testimonies where real and i applied but they never gave me loan. I was in need of an urgent loan to start a business and i applied from various loan lenders who promised to help but they never gave me the loan. Until a friend of mine introduce me to this popular Mr. Eric Lefkofsky who promised to help me and indeed he did as he promised without any form of delay. I never thought there are still reliable loan lenders until i met Mr. Eric lefkofsky who indeed helped me with the loan and changed my belief. I promised to share this testimony after I got my loan. I don't know if you are in any way in need of a genuine and urgent loan,free feel to contact Mr. Eric Lefkofsky via their email{grouponfunding@hotmail.com}

  4. Its a THUG issue. Bleecker Street and NYX are thug bars. They attract thugs of all races. Places that attract thugs need to be kicked out of Broad Ripple. Ain't nobody got time for that!

  5. Hello everyone, My name is Marian Gareth, I am from the Texas, United State, am here to testify of how i got my loan from Mr Andre Frank {frankloancompany@yahoo.com} after i applied Two times from various loan lenders who claimed to be lenders right in this forum,i thought their lending where real and i applied but they never gave me loan. I was in need of an urgent loan to start a business and i applied from various loan lenders who promised to help but they never gave me the loan.Until a friend of mine introduce me to Mr Andre Frank the C.E.O of Andre Frank Loan Company who promised to help me with a loan of my desire and he really did as he promised without any form of delay, I never thought there are still reliable loan lenders until i met Mr Andre Frank, who really help me with my loan and changed my lief for better. I don't know if you are in need of an urgent loan, free feel to contact Mr Andre Frank on his email{ Frankloancompany@yahoo.com} for help

ADVERTISEMENT