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Charles River Labs Closing Facility in Ann Arbor and Shrewsbury, MA in January

Posted Nov 04 2010 11:29pm

This summer Charles River was making an effort to buy a Chinese company but the shareholders said no and this appears to be the aftermath as business from pharmaceutical companies is declining.  image

It did cost a few million to get out of the deal too.  There are 30 workers here and 300 in Massachusetts that will lose jobs.  BD 

Charles River Laboratories International (NYSE: CRL ) is closing its discovery and molecular imaging facility in Ann Arbor, MI, as part of a plan to save the struggling company $40 million in annual expenses.

The Wilmington, MA-based contract research firm reported yesterday that it’s cutting 4 percent of its global work force in response to weakened demand from its pharmaceutical clients; that involves the company laying off 300 workers, leaving it with 7,500 employees globally, spokeswoman Amy Cianciaruso said today.

image

This major round of layoffs follows the firm’s announcement in January that it would let go 300 workers in its preclinical services group and close its Shrewsbury, MA, facility.

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