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Company layoffs could mean big blow to Sanford

Posted January 26, 2009
Updated March 9, 2009

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— Sanford could be hit hard by layoffs at two large companies that employ hundreds of people.

Caterpillar Inc., the world's largest maker of construction equipment, announced Monday it is cutting 20,000 jobs worldwide.That word came along with a report that fourth-quarter profits had fallen 32 percent.

The company has a work force of about 700 in Sanford, and it's unclear how many employees could be laid off from the plant.

Last month, Caterpillar laid off an undisclosed number of employees in what it called "temporary layoffs" that affected its Clayton plant.

Pharmaceutical giant Pfizer also announced it is buying Wyeth Industries and cutting 8,000 jobs.

Company layoffs could me big blow to Sanford

Wyeth has operated in Sanford for 20 years. In November, it cut 124 jobs, a 10th of its work force.

Wyeth spokesman Doug Petkus said "no specific decisions have yet been made regarding job reductions or facilities" and that "from Wyeth's perspective, Sanford is an important site."

The plant in Sanford makes the pediatric vaccine Prevnar.

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  • OALA Jan 27, 2009

    It's gets better... the companys that aren't laying you off know they have you over a barrel. My husband was refused time off for a funeral, then when he requested 2 days of his vacation to go, they refused his time off. He is working 15 hr days 6 days a week (and his employer got mad when he wouldn't come in on Sunday and spent the day emailing and calling him)- and he won't say anything to his employers because he can't afford to lose his job.

  • Justin T. Jan 27, 2009

    The CEOs are laughing all the way to the bank. I don't think we really have free trade anymore. I think it's called an Oligopoly these days... a small group of extremely wealthy company owners controls the market.

    If you only heard the comments some of my friends who provide various "luxury services" have reported. The CEOs are convinced that the American people need to work harder so they won't be poor. They also say there's not enough money to spread around so we need to get used to being poor.

    I guess if you're born into old money and get bad values reinforced in your ivy league business school... you would tend to think that.

    I can't believe we put up with it. What will it take to prove that the power belongs to the people?

  • whatelseisnew Jan 27, 2009

    Dr. Dataclerk - I am just going to sit back and wait for my Federal Bailout money to arrive. So far nothing has shown up in the mailbox.

  • Dr. Dataclerk Jan 27, 2009

    With no jobs, what are people that wants to work going to do. Lord help us all.

  • shellbelle Jan 27, 2009

    I feel for all those that are losing their jobs...

  • ty will belabor a point Jan 27, 2009

    I'll predict it is going to get better and then it is going to get worse then it is going to get better and then it is going to get worse...repeat repeat repeat./endquote

    Do you mean like it has since the dawn of free trade? Wow... The issue is the leftists (for the record, IMO, Republicans are merely "softly" left) are using this down cycle to browbeat the easily led into voting for them out of fear.

  • ibbott41 Jan 27, 2009

    Every county in NC, Every city in United States is being tested by layoffs and unemployment. Let us concentrate in our future business ideas instead of the businesses we are loosing. We will have a better tomorrow. Other big companies will be born. concentrate in your education, and go back to school. A short career could be the difference. And Yes. Sanford is a beautiful city with great potential,with lots of good jobs available if you educate yourself.

  • quit_whining Jan 27, 2009

    Economic Cycles....Economic Cycles...

    You know what that means, you better save for a rainy day because the gloom is right around the corner. This holds true for individuals, families, businesses, cities, counties, states, and countries!!!

    I'll predict it is going to get better and then it is going to get worse then it is going to get better and then it is going to get worse...repeat repeat repeat.

  • BULLDOZER Jan 27, 2009

    I know it is tough, but I will say it once again. There are other jobs out there that will get you through these tough times. When the economy recovers, and it always does, the jobs you once had will again be available in some form or fashion. I KNOW it is tough to take a lower paying job and change your lifestyle, but it is imperative that all able bodied Americans stay employed and keep pushing forward. These times will make you stronger even though they are not what anyone wants to endure. No go to work!(note I too have had to adjust my variety of work in the last 6-8 months and am doing fine with a few cutbacks)

  • sayitoutloud Jan 27, 2009

    There was also a layoff at the Wyeth site in April of last year. 150 people total.

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