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Lilly reveals plans to cut 340 IT jobs

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Eli Lilly and Co. told employees Thursday that it’s cutting 340 information technology positions in Indiana.

The Indianapolis-based drugmaker eliminated 140 IT jobs in June through retirements, resignations and some cuts. Another 115 cuts will be made this month, and the remainder by the end of the year, according to an e-mail from Janice Chavers, a Lilly spokeswoman.

All displaced workers will get a few months to find another job within Lilly, although those opportunities are few. Workers who leave Lilly will receive severance based on their pay grade and time served with the company.

Lilly employs about 1,250 IT workers in the United States.

“We have been reorganizing our business the last few months to reduce the time it takes to get medicine to patients, to align our business with a clear line of sight to patients and to reduce costs,” Chavers wrote in an e-mail. “Today's announcement in IT is part of that.”

Lilly has announced more than 2,000 job cuts toward its goal of 5,500 cuts, which the company set in September. Earlier this week, it said it plans to eliminate 170 manufacturing positions. The company is also trying to trim $1 billion in annual expenses by the end of 2011.

Lilly’s bestselling drug, the antipsychotic Zyprexa, will face competition from cheap generic copies when its U.S. and European patents expire in October 2011. In the following three years, Lilly will watch patents expire on four other bestselling drugs, threatening to steal nearly 60 percent of its $22 billion in annual revenue.

By that time, it hopes to have a worldwide staff of about 35,000. It currently employs 12,400 in Indiana.

Job cuts so far have come in nearly every area of the company, including sales, marketing, communications, information technology and manufacturing.

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  • Lilly cutting 340 information technology positions in Indiana
    How much taxpayer welfare will be returned to Indiana and Indianapolis?
  • Really?
    Another one(s) bite the dust.

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  1. Once a Marion Co. commuter tax is established, I'm moving my organization out of Indianapolis. Face it, with the advancement in technology, it's getting more cost effective to have people work out of their homes. The clock is running out on the need for much of the office space in Indianapolis. Establishing a commuter tax will only advance the hands of the clock and the residents of Indianapolis will be left to clean up the mess they created on their own, with much less resources.

  2. The 2013 YE financial indicates the City of Indianapolis has over $2 B in assets and net position of $362.7 M. All of these assets have been created and funded by taxpayers. In 2013 they took in $806 M in revenues. Again, all from tax payers. Think about this, Indianapolis takes in $800 M per year and they do not have enough money? The premise that government needs more money for services is false.

  3. As I understand it, the idea is to offer police to live in high risk areas in exchange for a housing benefit/subsidy of some kind. This fact means there is a choice for the officer(s) to take the offer and receive the benefit. In terms of mandating living in a community, it is entirely reasonable for employers to mandate public safety officials live in their community. Again, the public safety official has a choice, to live in the area or to take another job.

  4. The free market will seek its own level. If Employers cannot hire a retain good employees in Marion Co they will leave and set up shop in adjacent county. Marion Co already suffers from businesses leaving I would think this would encourage more of the same.

  5. We gotta stop this Senior crime. Perhaps long jail terms for these old boozers is in order. There are times these days (more rather than less) when this state makes me sick.

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