Salisbury's Jubilant Cadista Pharmaceuticals lays off 80 workers
Jubilant Cadista Pharmaceuticals laid off 80 workers the day before Thanksgiving, according to a notice filed with the Maryland Department of Labor.
The Work Adjustment and Retraining …
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Salisbury's Jubilant Cadista Pharmaceuticals lays off 80 workers
By Liz HollandJubilant Cadista Pharmaceuticals laid off 80 workers the day before Thanksgiving, according to a notice filed with the Maryland Department of Labor.
The Work Adjustment and Retraining Notification was filed with the state on Oct. 6.
The company, founded in 2005 and located on Kiley Drive in Salisbury, has around 300 employees and generates approximately $120 million in annual revenue, according to the company’s LinkedIn profile.
Jubilant Cadista develops, manufactures and markets generic pharmaceutical products, including antidepressants, antihistamines, muscle relaxants, cox-2 inhibitors and nonsteroidal anti-inflammatory drugs, according to the company’s website.
“At Jubilant Cadista Pharmaceuticals Inc. we aspire to have every ounce of effort contributing directly to cost- effective enhancement of patient health, customer ease and employee well-being. We serve our customers from our own FDA approved facility located in Salisbury, Maryland, as well as affiliated FDA approved manufacturing sites in Roorkee, India; Spokane, Washington; and Montreal, Canada,” the company said on its website.
According to published reports, Jubilant Life Sciences Limited acquired the majority stake in Trinity and Trigen Laboratories in 2005. It moved to 90,000-square-foot facility in July 2007 and expanded to 96,000 square feet in 2013. It also expanded its packaging to an estimated 1.2 million bottles a month.
