Pfizer leaving CT because: "Top notch education is part of the answer" Sheridan said.
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Subject: Pfizer leaving CT because: "Top notch education is part of
the answer" Sheridan said.
Date: Feb 1, 2011 1:20 PM
"'So, (the question is), what do we need to do to make sure that
Pfizer remains in Eastern Connecticut and remains at the level it's
at?'
"Top notch education is part of the answer Sheridan said."
================================
LMAO.
Right.
And who do we have to thank
for Un-education?
http://www.actionlyme.org
http://www.relapsingfever.org
============================
http://www.theday.com/article/20110201/BIZ02/110209981/1017
Impact of reduced Pfizer workforce will have broad repercussions,
experts say
The ripple effect as Pfizer Inc. lays off 1,100 employees over the
next year and a half is expected to be profound and challenging, both
in southeastern Connecticut and the state as a whole, say economic
experts who closely follow the local economy.
"The sheer number that is being reduced here is rather shocking," said
John Markowicz, executive director of the Southeastern Connecticut
Enterprise Region in New London. "This is a big deal. There are 1,100
highly skilled, well-paying jobs that are leaving the area or being
eliminated. It's not only the direct effect but the multiplier effect
that will ripple through the community."
The impact is likely to hit hardest in towns like East Lyme, which
many Pfizer employees have been known to make their home, he said.
Markowicz and Pete Gioia, vice president and economist for the
Hartford-based Connecticut Business & Industry Association, say that
for every job that's created in a high-tech industry like
pharmaceutical research and development, several jobs may be created
in other industries. Scientists of this caliber can earn six figures
or higher and spend the money buying food, homes, and relying on
various support services at the company like copier machines, they
said.
"So there's a reverberation throughout the economy when these jobs are
created or let go," Gioia said. "This isn't like just losing 1,100
jobs. This is like losing potentially more than that because there
obviously will be other industries effected within the commuting
radius of these people. That covers Old Saybrook to Colchester to
Willimantic, not just New London (and) Groton."
Gioia and Tony Sheridan, president and chief executive officer of the
Chamber of Commerce of Eastern Connecticut, said that despite the bad
news, at least 3,300 jobs will be staying at Pfizer.
"We want the company to be successful," said Sheridan. "We have a huge
amount at stake here. The company has some of the top scientists in
the world living here in Eastern Connecticut, very highly committed
people to all things that we strive toward. We want that preserved.
"So, (the question is), what do we need to do to make sure that Pfizer
remains in Eastern Connecticut and remains at the level it's at?"
Top notch education is part of the answer Sheridan said.
Gioia noted that, whatever the solutions, and there could be many,
adding jobs in Connecticut is crucial.
"You've got to have a state of Connecticut adding a heck of a lot more
than 5,300 jobs in a single year, which is what we created in 2010,
versus 45,000 in Massachusetts," he said.
KMDickson