Thousands of jobs to go as Pfizer looks to slash R&D spend
http://blogs.nature.com/news/thegreatbeyond/2011/02/thousands_of_jobs_to_go_as_pfi.html (The Great Beyond - Blog Posts)
Pfizer is to close its facility in Sandwich, Kent, as it drops its R&D spend by up to two billion dollars over the next two years.
Sandwich is Pfizer’s main site in the UK and one of the country’s largest research centres. The company notes that four of its top ten drugs were discovered there, including Viagra. The closure will cost the majority of the site’s 2,400 employees their jobs and leave just 3,000 Pfizer employees in the whole of the UK.