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The MedZilla Report: May 2008 Employment Outlook for Biotech/Pharma/Health
Date:6/25/2008

are, a managed-care company, announced just over 200 layoffs, though they also noted they had just as many job openings.

The outplacement report for May also helped explain why New Jersey-based companies slowed their job search efforts: Johnson & Johnson and Merck, both based in that state, reported impending downsizing efforts. Johnson & Johnson plans to cut 400 sales jobs, and Merck announced they were eliminating 1,200 positions on top of the 8,100 positions already eliminated under a December 2005 restructuring plan.

Even though these massive layoffs, in conjunction with several other, smaller job cuts, may seem disheartening, there is light at the end of the tunnel. "A number of encouraging clinical trials taking place could boost the employment outlook in the future," said Michele Hopps, director of marketing for MedZilla. "Also, collaborative agreements are in the works that are likely to further research in certain areas, and new supply deals may help to more quickly move new products to market."

On the topic of good news, the job market remains positive for those seeking jobs at hospitals and clinics. Job growth over the last 12 months has totaled 383,000, with 34,000 of those jobs being created in May alone. And those new jobs may be good fits for recent graduates -- a January article by economist Charles Whelan, Ph.D., made the comparison that recently-unemployed auto workers in Flint, Mich. might have difficulty getting jobs at newer factories because the new facilities use technologies with which they have little or no experience. Medical breakthroughs are being made all the time, and job seekers who just graduated are most likely to have used new technologies and been exposed to techniques and medications not available even as little as a year ago. But recently-outplaced workers need not worry; odds are good they too were exposed to the same developments.

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Source:PRWeb  

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The MedZilla Report: May 2008 Employment Outlook for Biotech/Pharma/Health
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