SEYMOUR, Ind. (Inside INdiana Business) A Philadelphia-based generic pharmaceutical manufacturer has announced a restructuring plan involving its facility in Jackson County. Lannett Co. Inc. (NYSE: LCI) says it is consolidating its research and development operations into a single facility, which involves 80 employees being laid off, a majority of them located in Seymour.
The company says the move is part of a cost savings plan. Tim Crew, chief executive officer of Lannett, says the Seymour employees affected by the move will receive severance and other benefits.
This is a difficult but necessary move for the company, Crew said. The people of Lannett dedicate themselves to the business, and we appreciate all of their contributions.
The…
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