Salaries

Economic concerns are still clouding the job outlook for pharmaceutical and medical device packaging professionals. Company mergers, consolidations, and downsizing continue to result in layoffs, and those professionals left employed are often carrying more work than ever, potentially at reduced salaries. “Continual downsizing, industry consolidation, lack of sr. leadership” are all affecting compensation, reports one respondent to this year’s salary survey conducted exclusively for Pharmaceutical & Medical Packaging News.

By Daphne Allen

Editor

No big shocker here: pharmaceutical and medical device packagers are worried about the economy. “Cost cutting and expense controls will minimize or eliminate raises, bonuses, etc.,” wrote one respondent in this year’s salary survey conducted exclusively for Pharmaceutical & Medical Packaging News. “Staffing will be reduced, so everyone does more or works longer.”

According to Wikipedia, outsourcing “is often defined as the delegation of noncore operations or jobs from internal production within a business to an external entity which specializes in that operation.”

Kassandra Kania, Managing Editor

Kassandra Kania, Managing Editor

Results of PMP News' fifth annual salary survey indicate that hard times are improving and that many employees are enjoying a healthy compensation.

Kassandra Kania, Managing Editor

Several months ago, the pharmaceutical industry was surprised and somewhat unsettled by the merger of Pfizer and Pharmacia. Resulting in the world's largest drug company, the merger increased the pressure on other industry players to consider merging to remain competitive in a slow market.

Daphne Allen, Editor