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Bristol-Myers closing plant.

Bristol-Myers Squibb said it will shut down its Barceloneta plant over the next 12 months, leaving 225 jobless, reports The San Juan Star (Jan. 19, 2008):

Two months earlier, Bristol-Myers announced the closing of its Mayaguez plant, leaving 400 jobless at the end of 2007. Carlo de Notaristefani, president of technical operations, said the company would focus on investments in its Humacao and Manati plants. In the previous 18 months, the island's pharmaceutical sector has lost more than 3,000 jobs;

Boris Jaskille, Exec. Dir. of the Puerto Rico Industrial Development Co., said the Bristol employees could be well suited to work for St. Jude Medical, which announced a large expansion in Arecibo last year. Its new medical devices operations will reportedly create 1,200 jobs, most of them this year.
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Title Annotation:PUERTO RICO
Publication:Caribbean Update
Date:Mar 1, 2008
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