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N.C.-based PPD cutting 270 jobs across nation

Thursday, July 09, 2009 3:00 AM | Printer friendly version | E-mail to a friend |

WILMINGTON (AP) — A North Carolina contract research company says it will lay off 270 workers across the nation, including fewer than 80 at its Wilmington headquarters.

The Star-News of Wilmington reported that PPD said Wednesday it has strong global demand for its services but demand in North America has been less than expected.

A company spokeswoman says employees losing their jobs will receive severance pay and benefits and employment counseling.

PPD employs about 1,800 people at its headquarters on the banks of the Cape Fear River.

In June, PPD also cancelled plans for a presence at the N.C. Research Campus in Kannapolis. Originally promising 300 jobs, the company cited slow construction at the campus as part of the problem.

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Information from: The Star-News, http://starnewsonline.com

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