Drug maker Roche to cut 4,800 jobs, mostly in US

Discussion in 'Health and Lifestyle' started by judyd, Nov 17, 2010.

  1. judyd
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    judyd Active Member

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    They are the suppliers of many drugs, two notables are Tamiflu and Valium. It would be a welcome idea if this was done in an effort to keep their prices down, but no, they want to increase the profits to keep the stockholders happy. As a result though, again, thousands in the US will be out of work. I wonder what their "socially responsible solutions" will be?

    Read the entire article:
    Drug maker Roche to cut 4,800 jobs, mostly in US - wtop.com
     
  2. Oddball
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    Oddball BANNED Supporting Member

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    Good thing we have such an inexpensive and effective bureaucracy in the FDA, which does such yeoman's work in holding down R&D costs for these guys, or we'd really be in the shit. :rolleyes:
     
  3. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    Drug maker Roche to cut 4,800 jobs, mostly in US





    Hmmmmm.... I wonder why
    :rolleyes:
     
  4. manu1959
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    manu1959 Left Coast Isolationist

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    how about this...

    if only the workers were unionized then the goverment could bail them out.....bummer...

    or

    the bastards they should be forced to continue to pay those workers and run the company into the ground ....

    or

    it is a swiss company that said fuck it ... it is to expensive to have so many employees in america....

    or

    if only it was an american company then the government could sieze it and miss manage it....
     
    Last edited: Nov 17, 2010
  5. judyd
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    judyd Active Member

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    Sure, people whine about the FDA and how we don't need it, until a drug gets through that does cause problems.
     
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  6. Revere
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    Revere BANNED

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    Whose standard of "social responsiblity" do the have to abide by?
     
  7. manu1959
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    manu1959 Left Coast Isolationist

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    we are talking about the swiss.....they have no social conscience....
     
    Last edited: Nov 17, 2010
  8. Mr. H.
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    Mr. H. Diamond Member

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    Many drug patents have expired or are set to expire which will adversly affect revenues.
     
  9. Oddball
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    Oddball BANNED Supporting Member

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    Yeah...We really need the FDA costing pharm companies $500+ million and years of foot-dragging to get drugs like Vioxx and Phen-fen on the market, while orphan drugs languish on the shelves because their discoverers can't recoup the costs. :rolleyes:
     
  10. midcan5
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    midcan5 liberal / progressive

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    I find it interesting that the cuts are always among the workers but never at the top. I did once see a CFO get the can for being too generous, but hey even the elite screw up now and then.

    This is easy though, don't buy Roche unless your life depends on it. One day Americans and others will wake up and realize they need to support each other. Number are large enough to exclude the wingnuts on the right who will always be under the spell of the spirit of Freedumb.

    Excellent piece below, not completely OT but relevant.

    "Summary: Economists who insist that "offshore outsourcing" is just a routine extension of international trade are overlooking how major a transformation it will likely bring -- and how significant the consequences could be. The governments and societies of the developed world must start preparing, and fast.

    Alan S. Blinder is Gordon S. Rentschler Memorial Professor of Economics at Princeton University. He served on the White House Council of Economic Advisers from 1993 to 1994 and as Vice Chairman of the Board of Governors of the Federal Reserve from 1994 to 1996."

    A CONTROVERSY RECONSIDERED

    "Their economics were basically sound: the well-known principle of comparative advantage implies that trade in new kinds of products will bring overall improvements in productivity and well-being. But Mankiw and his defenders underestimated both the importance of offshoring and its disruptive effect on wealthy countries. Sometimes a quantitative change is so large that it brings about qualitative changes, as offshoring likely will. We have so far barely seen the tip of the offshoring iceberg, the eventual dimensions of which may be staggering."

    http://www.internationaltraderelati...oring (Foreign Affairs, March-April 2006).pdf
     
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