Pfizer offers early retirement ahead of layoffs in memo to employees

Pharmaceutical giant Pfizer can be offering early retirement to U.S. workers ahead of layoffs early next year, the idea announced internally to employees.

The company, which currently employs more than 0,000, didn’t say how many people the idea plans to cut. yet the idea told employees Tuesday in which all business units along with divisions will likely lay off nonunion workers, according to materials outlining the workforce reduction program obtained by CNBC.

“As we prepare for growth we are creating a simpler more efficient structure which will affect some managerial roles along with responsibilities. We are offering enhancements to certain benefits to lessen This specific effect,” Pfizer spokeswoman Sally Beatty said in an email. Overall, its workforce will shrink by “a couple percentage points,” she said.

Incoming CEO Albert Bourla, who’s succeeding Ian Read on Jan. 1, shuffled the company’s senior management team last week along with can be leading the efforts to restructure the pharmaceutical giant into a more nimble company. Pfizer announced plans in July to reorganize into three units, separating its consumer health-care business in which the idea had been trying to sell.

The head count reduction plan can be part of its restructuring, the company told employees in an email obtained by CNBC. “To achieve our full potential we will need to create a simpler along with more efficient organization,” the idea said.

“As we simplify the organization to avoid duplication, create single points of accountability along with reduce the number of layers within teams, there will be an impact to some managerial roles along with responsibilities across the organization,” the company told employees in materials outlining the program.

Managers will assess their staff needs after they see how many people volunteer to retire along with decide on “involuntary separations” after in which, the company said.

the idea said “most, if not all, business units along with divisions will separate non-union colleagues involuntarily during the Special Separation Program’s terms.”

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