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Serologicals to Lay Off 36 Staffers as Part of Restructuring

NEW YORK, July 18 (GenomeWeb News) - Serologicals will lay off 23 positions in its Lake Placid, NY, business and offer relocation options to 39 additional employees, GenomeWeb News has learned.

 

The job cuts, which also include 13 staffers in the company's Temecula, Calif., facility, is part of Serologicals' efforts to cut costs in its research segment by $3 million to $3.5 million a year. Employees offered relocation would mainly work in Serologicals' Chemicon International business, located in Temecula.

 

As GenomeWeb News reported last week, the Atlanta-based company said it will integrate several functions of its Upstate and Chemicon units through the remainder of the year, including business segment management, R&D/business development, marketing, technical support, scientific sourcing, intellectual property/licensing, and finance and accounting.

 

Serologicals said it expects to incur between $2 million and $3 million in one-time costs related to severance payments, retention payments, and relocation costs that it will record in the third quarter.

 

Serologicals, which has more than 1,000 employees worldwide, operates three companies: Chemicon International, based in Temecula; Upstate Group, based in Charlottesville, Va.; and Celliance, based in Atlanta.

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