Print
Health Care

PPD Releases Dozens Of Wilmington Workers

By Staff Reports, posted Jul 9, 2009

On Wednesday, Wilmington-based PPD released 80 employees from their downtown headquarters, but the company does not plan any more cuts.

“Demand for our services in North America has been lower than we expected. Over the past year, we have taken steps to cut unnecessary expenses, drive efficiencies and reorganize in ways to best address the needs of our clients,” said Louise Caudle, a spokesperson with PPD, in a statement.

The clinical research organization is one of Wilmington’s largest employers, with about 1,600 employees. Further cuts were made across the company’s North America locations, for a total of 270 people released.

The company has 5,800 employees in North America and about 10,000 worldwide.

“Although the current CRO market is challenging and required us to take this action, we remain very optimistic about the long-term prospects for the CRO industry as a whole and our company in particular,” Caudle said. “We have an extremely talented global work force of dedicated clinical research professionals and a strong backlog of global business, as noted above. With these assets and our financial strength, we believe we are well-positioned to ride out these troubling economic times and have no other plans for additional reductions in force.”

Ico insights

INSIGHTS

SPONSORS' CONTENT
Drewsmith copiersplus headshot

Should You Upgrade to Windows 11?

Drew Smith - Copiers Plus
Dallasromanowski headshotcopy

Planning Is a Team Sport: Which Teammates Do You Need?

Dallas Romanowski - Cornerstone Business Advisors
Natalieenglish headshot

MODERNIZE OUR DOWNTOWN LIBRARY AND MUSEUM

Natalie English - Wilmington Chamber of Commerce

Trending News

Wrightsville Beach Oceanfront Home Sale Tops May Record

Cece Nunn - Dec 1, 2021

Chamber Releases Economic Scorecard on Wilmington Region 

Johanna F. Still - Dec 1, 2021

Development Proposal Plants Commercial Space On Farm Land

Cece Nunn - Dec 3, 2021

Soup's On At New Asian Restaurant In Porters Neck

Jenny Callison - Dec 1, 2021

With Listening Sessions Complete, New Hanover Endowment Looks Ahead

Johanna F. Still - Dec 2, 2021

In The Current Issue

Seniors Find Health, Friends In Fitness

If there’s one word to describe the members of Sandy Sneakers, an exercise group for seniors, it’s “vivacious.” They have the energy of a 30...


A Look Back At Banking In 2021

Almost without exception, banks in the Wilmington market showed steady deposit growth as of the most recent FDIC Market Share Report....


Employers Monitor Vaccine Rules

With judicial review underway on the Biden administration’s vaccination mandate for businesses with 100 or more employees, leading employers...

Book On Business

The 2021 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100