Lincoln, NE: Pfizer's job cuts expected to ripple across local economy

[UpInArms]

http://www.journalstar.com/articles/2005/08/07/business/doc42f3d36bbd5dc081063292.txt

Pfizer, Inc.'s planned elimination of 300 jobs from its total of 800 in Lincoln will probably cost the local economy another 300 jobs, according to Creighton University economist Ernie Goss.

What Goss calls "spillover job loss" will occur, he said, because the workers there are comparatively well paid, and the plant, which makes animal health products, is an importer of dollars to Lincoln.

Each manufacturing job in Lincoln is usually linked to another in a sector such as banking or retail, Goss said.

The workers leaving the Pfizer jobs, which will take a few years to eliminate, should have an easier time finding new jobs than those who lost work in recent years at manufacturing companies such as Goodyear, Square D and Cushman, Goss said.

...more...

[Cha]

1. But, the Economy is booming..so

say all the neo-cons from bush on down.

[tanyev]

9. It's a good thing the economy is booming so these people

will have no trouble finding new jobs. Hope they look good in a Wal-Mart smock.

[Botany]

2. So how many of those who will loose their jobs voted for *?

The destruction of our middle class and the flood of low wage
workers into this country is killing America.

Good Lord what kind of nightmare are we in?

[Obamarama]

3. Pfizer Prez defended $4 million bonus on day he cut 300 jobs in Kal., MI

Hank McKinney was on C-SPAN Washington Journal defending his $4 million BONUS on the same day Pfizer was cutting 300 jobs from the Kalamazoo, MI unit of Pfizer.

[jojo54]

4. "spillover job loss" is occuring all over the nation.

It' spreading like a disease.

Thank you very much george w. nobody. :sarcasm:

[bbernardini]

5. And Michael Moore's next film gets a little bit longer...

Isn't Pfizer one of his main targets?

[wellst0nev0ter]

6. At Least Those Gays Won't Be Settlin' Down

:eyes: :sarcasm: :eyes:

[anitar1]

7. If you read the link, this sounds like a really wingnut

newpaper. All sounds so rosy and optomistic and they have already lost 3 other industries. Hard to believe what I just read.This is the "heartland?" Sounds like koolaide land to me.

[hadrons]

8. and most of the people of Ne. won't get it too ....

that state is already home to some of the poorest counties in the country and they get redder as they get poorer

[agincourt]

10. It is a wing nut paper, that can't love Bush enough,

the Omaha ditto-monkey Herald is even worse. I get more balanced national news from a USA Today than I do from my two Nebraska papers.
They both pathetically anal worship shrub and republicans, which is why I won't suscribe.
On another note I see the Bush tax-cuts and policies are doing wonders for this country. Christ I think some people would still love him if our country was poorer than Bulgaria.

[area51]

11. Bush econ. miracle

Look at that Bush economic miracle go! There go the jobs.... :mad:

[Erika]

12. Our state bragged about adding 900 jobs last month

Then a Swift meat processing plant here announced they are now laying off 400 workers, at an average of $14.00 an hour with total benefits.