BRISTOL-MYERS' RELOCATING SOME ANTIBIOTIC OPERATIONS TO PUERTO RICO AND ITALY
• By The Pink Sheet
BRISTOL-MYERS' RELOCATING SOME ANTIBIOTIC OPERATIONS TO PUERTO RICO AND ITALY from its Syracuse, N.Y. facility. The move involves filling and packaging operations and a small portion of the bulk manufacturing operation. The Syracuse facility will be phased out over the next 15-18 months and the operations consolidated into existing plants in Barceloneta, Puerto Rico and Latina, Italy. The move will affect approximately 200 employees, Bristol-Myers said. The company explained that the decision to relocate its antibiotic operations was based on the fact that the design and layout of the Syracuse facilities "makes it increasingly difficult to produce with competitive efficiency." Bristol-Myers stated that it "looked closely at redesigning and rebuilding the structures" to meet the company's needs, "but the cost was prohibitive and excess capacity already exists in" the Barceloneta and Latina plants. No decision has been made as to what will be done with the closed facilities. Bristol-Myers noted that "no regular employee will be displaced before April, 1985." In addition, the company said it has created an employee assistance program "which includes special severance pay based on age and length of service, an early retirement package, continued medical coverage, and assistance in finding new employment." Approximately 1,600 people will remain in Syracuse in the Bristol-Myers Industrial and Bristol Labs Divs.
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