Albany Molecular Research Shutters Rensselaer Lab, Lays Off 50
05/26/2010
"We regret the need to take the actions we announce," D'Ambra told the Journal. "The actions we are taking are part of our ongoing commitment to tightly manage costs while also managing our infrastructure to support future growth and development."
AMRI will cut a total of 80 jobs across the country, or 10 percent of its work force. The company expects those cuts to save it approximately $4 million in labor costs this year.
The company will also halt operations at the SUNY University at Albany's East Campus Research Facility. Work there will be merged into other AMRI sites.
Most Read
-
-
2020 Top States for Doing Business Showcase Their Pro-Business Environments
Q3 2020
-
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Q1 2020
-
“Made in America” Executive Order to Affect International Companies and FDI
Q1 2021
-
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Q2 2020
-
Pandemic Fuels Data Center Growth
Q1 2021
-
2019 Leading Metro Locations: Pacific and South-Atlantic Metros Dominate the List
Q4 2019