Wyeth Pharmaceuticals, a vaccine related company, will layoff 124 employees in a plant they have in Sanford, North Carolina. This is part of a broad initiative to eliminate 10% of their 50,000 current workers over the next year.
I do not know much about them, this industry, and why they'd be doing layoffs to comment on it, so I will leave it at that.
Wyeth Pharmaceuticals is headquarted in Madison, New Jersey.
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