Drugs are not IT

Pfizer Cutting 6,000 Jobs and Closing Eight Plants - NYTimes.com: "The drug maker, Pfizer, will cut 6,000 jobs, or 18 percent of its work force, at its 78 manufacturing plants over the next five years as it pares operations following last year’s purchase of its smaller rival, Wyeth.

Pfizer, the world’s biggest drug maker, plans to close eight plants in Ireland, Puerto Rico and the United States by late 2015 and reduce activities at six factories in those countries, Germany and Britain.

Pfizer had 40 manufacturing plants before buying more than three dozen Wyeth operations in the acquisition last October.

The affected plants make conventional pills, injectable medicines, biotech drugs and consumer health care products. Pfizer will wind down their operations over the next 18 months to five years, depending on business considerations like the time required to transfer manufacturing.

The company said in November it would close six research sites and trim jobs in the United States and Britain as part of its absorption of Wyeth. Pfizer then began a six-month study of how to reconfigure its manufacturing."Drugs

IT buys more space, 15,000 jobs coming soon-ITeS-Infotech-The Economic Times: "Four of the world's leading tech and telecom firms — Accenture, Oracle, Nokia and Capgemini — are expanding operations at a rapid pace, as leasing deals for office space of close to 15 lakh sqft in Bangalore have been signed for in the past two months.

It is estimated that absorption of the new space will result in the creation of about 15,000 jobs. In office leasing parlance, one person is equated with an area of 100 sqft. During the downturn, companies had reduced the space allotted to an individual to around 65 sqft. Even by this revised figure, 15 lakh sqft of office space means 23,000 new jobs."