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11-11-2008, 08:31 AM
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Senior Member
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Join Date: Mar 2007
119 posts, read 86,250 times
Reputation: 34
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Lilly Lay Offs?
Any truth that Lilly is in the process of major lay offs?
Hearing stuff about a restructuring project that may have major (700-1500) job cuts?
Rumor? Fact?
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11-11-2008, 09:18 AM
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Senior Member
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Join Date: Oct 2007
1,370 posts, read 746,817 times
Reputation: 284
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I have heard they are going through some severe layoffs, but don't know the details. You should search previous threads about the economy of Indianapolis where this is mentioned.
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11-11-2008, 02:01 PM
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Senior Member
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Join Date: Sep 2006
1,301 posts, read 1,412,633 times
Reputation: 442
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Absolute fact. We are in one right now.
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11-11-2008, 07:22 PM
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Junior Member
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Join Date: Nov 2008
5 posts, read 4,987 times
Reputation: 11
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How about Wellpoint? Anybody knows about Wellpoint which is fortune 33 company? Economy of Indy will be all right with Lilly's layoffs?
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11-12-2008, 09:12 AM
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Discopants and Haircuts
Status:
"i wanna be sedated"
(set 9 days ago)
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Join Date: Jun 2006
Location: Turn Left at Greenland
11,945 posts, read 7,761,577 times
Reputation: 2941
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There's an article in the Indy Star today about how Wellpoint may start in the "medical tourism" business ... sending patients to India for non-emergency surgery. Not sure what that means for Wellpoint's bottom line, but I don't like it at all.
Sweet ... will a lot of these layoffs be early retirements? Has Lilly EVER had a mass layoff? Maybe Lilly is doing this to fend off what will be an industry by industry falling of dominos .. bankers, insurers, auto ....
__________________
If there won't be dancing at the revolution, I'm not coming.
Emma Goldman
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11-12-2008, 12:38 PM
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Senior Member
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Join Date: Sep 2006
1,301 posts, read 1,412,633 times
Reputation: 442
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I spent over 30 days in India and would NEVER consent to having anything done over there. They may have some fine hospitals and some fine doctors, but being 1/2 world away, no way.
Travel is hard enough when you are well. I would be surprised if they would send people business class and coach hell would not be good if you needed some kind of surgery. Either direction. These flights are usually 100% full both directions. I was so sick on one set of flights that I have no memory of even getting home.
Imagine the dangers of being sick in a foreign country. When we were there, they were advising all kinds of vacinations, taking our own needles, etc. We did not get anything but a cold and a very slight stomach upset but it would have been so easy even in the fanciest restaurants to have gotten food poisoning. Advice: Never visit the kitchens or the food stores. You will stop eating, period. I still want to return but would want to be well.
Lilly has known for several years that 2011 would be a difficult year (loss of patents) and they are making all kinds of changes. Changes in personnel systems, pay, medical, retirement, layers of management, etc. 1600 already qualified for retirement (80 points) by the end of next year but it looks like for certain areas (targeted) they want to do it fast. 12/1 is the date to first make an election and you have 12 weeks to try and find a new job. If you decide on 12/1 to go, you still get the 12 weeks pay. They really want them out the door. Who would want to work for free?
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