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Hospira Inc. Message Board

  • hospiracontractor hospiracontractor Jun 26, 2008 12:06 PM Flag

    Hospira (HSP) fires all IT contractors

    As of Friday, June 27th, 2008, Hospira Inc (Lake Forest, IL) let go 100+ contractors under the guise of a budget shortfall due to a failed initiative known as "PrintSmart". While losing all these contractors will most certainly make cash flow and the bottom line improve in the short term, how is an organization that size going to operate with 1/3 less of its IT staff? I want everyone to know that something is amiss at Hospira. Had this downsizing affected full time employees, a ripple affect would most certainly be felt on Wallstreet making the stock price fall. But Management thinks they can do this under the radar so as not to affect the price. Perhaps you know more than I do… please fell free to comment!!!

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    • All the top dogs in the company are getting richer. Just look at the stocks they recieve from the company. They cut the benefits to the hourly so they could getmore money for them. The company don't care about the ones who do the work to stay in business. It sure isn't the the ceo or the directors that keep the company a float. They need to wake up and see that the people doing all the work are in the plants making the product. I was an employee there at one time and the thing I every did was leave that poorly run company. They try to paint a good picture for you but it all ends up looking like crap when it is alll said and done. The board isn't nothing but crap that is stripping the employees of benefits. They have been doing it since the split and each year they get worse. The board needs to wake up and see how they get paid and thats by the hourly doing all the work.

    • luchador@ymail.com luchador Jun 26, 2008 10:06 PM Flag

      Your facts are in error, Hospira did release contract employees, however the number 100 is a gross over-estimate. I must assume, based upon your username, that your report may be slightly baised and your judgement somewhat clouded so let me offer a few clarifications.

      Hospira recently made a financial decision, based upon its long-term strategic goals, to release a number of contract employees so that certain financial goals could be achieved.

      While it is unfortunate that these individuals must now seek other employment I would like to point out that they were CONTRACTORS, highly-paid workers who willingly chose to work for a pre-determined length of time with the understanding that the need for their services could end at any time. They accepted the risk, offset by a significantly higher rate of pay.

      I know from firsthand experience that many companies take this same approach to contract labor, what Hospira did was neither unique nor was it the first time that this approach was taken and I am sure it will not be the last.

      Hospira has made a committment to it's employees, 10's of thousands of families rely on Hospira for their livelihood and I am confident that the decision to release that many contractors was neither rash nor made without regard to the ramifications.

      • 1 Reply to luchador
      • formerhospira@ymail.com formerhospira Jun 30, 2008 2:20 PM Flag

        Somebody has been drinking a lot of the company kool-aid........

        You too have left out some details. Like the head of HR acknowledging to new managers that Hospira had a "toxic" envrionment. Or senior executives overheard in a restuarant saying that "the wrong people are leaving" hospira.

        Outsourcing and job/budget cuts are the norm at Hospira and it is meant to reduce the sales and general administration costs to make Hospira more attractive to wall street. Without this, they cannot pay their debt or purchase other companies. Check the numbers, Hospira is making money -- Lots of it. So why keep cutting?

        Many people do rely on Hospira for their livlihoods, and for their sake, I hope they can find a better company to work for before Hospira implodes.

 
HSP
62.60-0.07(-0.11%)Dec 24 1:04 PMEST

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