Bio Saga Headlines

Bio Saga

Wednesday, August 7, 2013

The Layoffs Continue...

PerkinElmer Reduces Headcount by More than 400 in 2012

PerkinElmer reduced its workforce by 62 employees during the first quarter as part of a restructuring plan,

PerkinElmer Lays off 265 in Second Quarter

PerkinElmer laid off 265 employees during the second quarter, the company said in its Form 10-Q today.

In the document filed with the US Securities and Exchange Commission, it said that the reduction in workforce was part of a restructuring plan to move some of its operations into a newly established shared service center and to realign operations, R&D resources, and production resources as a result of previous acquisitions.

During the company's recent second quarter earnings conference call, PerkinElmer Chairman and CEO Robert Friel said that the firm had consolidated three North American facilities, "and efforts are underway to consolidate two additional legacy Caliper sites, further simplifying our operational footprint and improving our R&D efficiency."

All 265 employees being laid off were notified by June 30.

The restructuring resulted in a charge of $9.9 million pre-tax charge recognized by PerkinElmer during the second quarter in its Human Health segment, and an $8.8 million pre-tax charge recognized in its Environmental Health segment.

It said that it anticipates recognizing an additional $600,000 in incremental restructuring expenses in the future, resulting from one-time termination benefits.

The layoffs in the second quarter, during which PerkinElmer said revenues rose 4 percent year over year, come on top of 62 layoffs in the first quarter. In 2012, it cut its headcount by 437.
The Waltham, Mass.-based company has about 7,500 employees worldwide. 

Life Science and Informatics

What is this?
is this a new industry?
or a old wine in a new bottle?

Well Life Sciences and Informatics can be anything form computational biology, all omes and omics, core bioinformatics to curation and literature mining, database creation, in the area of biology, chemistry , bio-chem space.

There are number of companies in India and bangalore is the forefront as a major bio-cluster with 20 to 30 companies in this sphere.

now how good are these companies doing?
how good are they in terms of the international markets and how profitable is their business?
what do they do?
their clients?

These are some interesting things that could be discussed in this blog page...

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