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From The Socialist newspaper, 9 February 2011

Jobs massacre at Pfizer

On 1 February it was announced that 2,400 workers at Pfizer's research and development facility in Sandwich, Kent, will be made redundant after the company's decision to close the site completely.

The government claims that the private sector can provide enough employment to compensate for savage cuts in public sector spending. David Cameron commented only a month ago that companies like Pfizer will spearhead job creation.

The closure is being explained largely by Pfizer's decisions to cut costs due to the pressure of drugs coming 'off patent'. This will affect profits as Pfizer's monopoly on producing those drugs comes to an end and generic production can begin.

The patents system allows prices to be maintained at exorbitant levels. When the patents run out it becomes an excuse to reduce the workforce.

Pfizer is the main employer in the town and surrounding area. It is predicted the loss of Pfizer will result in an estimated total of 4,000 jobs lost from contractors and other employers.

This profit driven decision does not reflect a lack of demand for the development of new drugs or research. Generic production will reduce the cost of many drugs and make them more accessible to ordinary people, but that should not take place at the cost of workers' jobs.

The Socialist Party calls for nationalisation of the Sandwich facility. This call must be linked to the demand for the nationalisation of the pharmaceutical industry as a whole, to be run under democratic workers' and patients' representatives' control.

Brighton Socialist Party

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In The Socialist 9 February 2011:


International socialist news and analysis

Egypt in revolt


Socialist Party NHS campaign

Defend the NHS!: Fight the Con-Dem cuts

The madness of King George cuts


Anti-cuts campaigning

Scottish Anti-Cuts Alliance established

Stop attacks on disabled claimants

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No to the racist EDL! Unite to fight the cuts

Hands off our forests!

Protesting against all of the cuts


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Tommy Sheridan jailing: Political vendetta ends in draconian sentence

John Macreadie memorial

TV Review: Posh and Posher Why Public School Boys Run Britain


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'Struggle or starve!' 1932 - when Birkenhead workers beat the means test


Socialist Party youth and students

Young people march for a future

Tories have no solutions to youth crime

Police attack 'save EMA' protest in Leeds


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Justice for Unison Four

Unison self-destructs at TSA but unionism stronger than ever

Building action against cuts

Defending jobs at Leeds council

Ford challenged in legal bid: Pay the Visteon pensioners now!

Arriva Trains Wales - strike called off

Defend democracy in the CWU

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Discussing an electoral challenge to service cutters


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'In reality, Britain is facing a savage economic ice age'


 

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