My lawyer and I just looked into all this. Q&A and severance packet clearly outlines any material change including a change of over 30 miles from your residence to your new territory are terms to accept severance. Scary that many of my colleagues are selling based on literature they receive but can't read the severance documents posted online.
It is well known that BMS has no in house Corporate Services employees. This includes facilities, engineering, space planning, lab services, security, etc. BMS outsources all these positions through JLL, a maintenance services company who has a contract with BMS to service and maintain all their facilities across the US. So what will happen to the Celgene Corporate Services employees after Day 2? Comments?
about 4k Celgene employees will be shown the door in addition to 2-3k BMS employees.
With Immunology on R&D side, since there is so much synergy between the companies, how and when will people on each side know about potential layoffs? Who is going to make the individual decisions or is it going to be more mechanical (years of employment, etc)?
I heard something about having to reapply for jobs once deal finalized?
99.9% reduction.What is the latest in terms of work force reduction?
99.9% reduction.
I'd like this. Fat severance and I get away from the arrogant air heads I work with.
99.9% reduction.
When will notifications on work force reductions going to happen for the R&D side?
Do we know how much reduction in force will happen on Celgene vs BMS sides?
Hardly any impact. Pfizer did the same and are still going strong.What impact can be expected on manufacturing sites and operations ?
BMS will aggressively cut costs (read: headcount ) to help pay for the 74B it payed out for our company.
Been through this twice. End of this year at latest.
Good luck everyone
It is well known that BMS has no in house Corporate Services employees. Why pay a large salary to a corporate service team when you can outsource with JLL...goodbye corporate services!!! You will see a bunch of facilities people on the street!! All those people who got paid a ton of money for doing shit, kissing ass, and taking credit for all you hard work , ( without a real degree...(hmm F. Marrero) ..good luck starting from the bottom again!!
I hope they fire a bunch of those people who get away with murder like Frank Marrero!!! You got a bunch of hypocrites and liars that starts from the top!! What goes around comes around!!
