“It’s devastating news for our community,” Rep. Dan Caulkins said. The pharmaceuticals company will terminate all benefits from employees at the end of the month; It will be unable to pay severance or provide COBRA health insurance coverage to former employees.
This is the poster child of wake-up calls to all doctors and nurses in Illinois: Illinois has no concern for you. You are of no value to those who rule Illinois, and of zero value to those who vote or don’t vote in Illinois–other than that they believe you owe them servitude. If you do not work for Illinois Government Industry, you have to be an idiot to rely upon ‘pension’ or ‘insurance’ ‘guarantees’ from private sector employment. Therefore, your servitude toward extending and enhancing QALY for Illinois Government Industry employees only hastens your own economic doom…and that of your… Read more »
Aaron
3 years ago
One less business for PPF to tax and live off of. . .Am I right?
Pharma Bro
3 years ago
Considering that this company has been declining in sales since 2016, it’s hard to call this “shocking”. If you were an employee at Akorn, you knew that the company you worked for sells products that don’t have the same patent protection as most brand drugs. So for the last 6 years you’ve watched sales plummet for products with low barrier to entry and you didn’t think this was a possibility? This is the problem with average employees at most companies. They just want to show up to work and get paid but don’t feel invested in the success or failure… Read more »
“You didn’t build that, someone else built that.” That is from Chicago folks.
Poor Taxpayer
3 years ago
A blessing in disguise for the workers, they now can exit Illinois and start new lives with a promising future in another state. Lots of jobs in other states that are begging for good workers. Good luck trying to sell a house thought as who in their right mind wants to live in Illinois any longer?
Ex Illini
3 years ago
I feel bad for the 450 individuals that are losing their jobs. Given the company declared bankruptcy once it shouldn’t be a complete surprise. Another blow to the Illinois unemployment rate, which is already high. Why doesn’t that ever get covered by the mainstream media?
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
This is the poster child of wake-up calls to all doctors and nurses in Illinois: Illinois has no concern for you. You are of no value to those who rule Illinois, and of zero value to those who vote or don’t vote in Illinois–other than that they believe you owe them servitude. If you do not work for Illinois Government Industry, you have to be an idiot to rely upon ‘pension’ or ‘insurance’ ‘guarantees’ from private sector employment. Therefore, your servitude toward extending and enhancing QALY for Illinois Government Industry employees only hastens your own economic doom…and that of your… Read more »
One less business for PPF to tax and live off of. . .Am I right?
Considering that this company has been declining in sales since 2016, it’s hard to call this “shocking”. If you were an employee at Akorn, you knew that the company you worked for sells products that don’t have the same patent protection as most brand drugs. So for the last 6 years you’ve watched sales plummet for products with low barrier to entry and you didn’t think this was a possibility? This is the problem with average employees at most companies. They just want to show up to work and get paid but don’t feel invested in the success or failure… Read more »
This is all the that Jeep needs to pull the trigger on leaving Illinois for good.
https://www.rrstar.com/story/news/2023/02/13/jeep-cherokee-suppliers-laying-off-hundreds-as-belvidere-plant-idles/69868356007/
Private sector employees are an endangered species in Illinois.
“You didn’t build that, someone else built that.” That is from Chicago folks.
A blessing in disguise for the workers, they now can exit Illinois and start new lives with a promising future in another state. Lots of jobs in other states that are begging for good workers. Good luck trying to sell a house thought as who in their right mind wants to live in Illinois any longer?
I feel bad for the 450 individuals that are losing their jobs. Given the company declared bankruptcy once it shouldn’t be a complete surprise. Another blow to the Illinois unemployment rate, which is already high. Why doesn’t that ever get covered by the mainstream media?