Monday, February 13, 2006

Another one bites the dust

One of the last pharmaceutical manufacturers in New Zealand has just announced its closure. Two hundred people work for Pacific Pharmaceuticals. Some administration and marketing staff will remain but up to 180 Auckland employees will lose their jobs.

In the last fifteen years thousands of jobs have been lost in NZ due to Pharmac's monopoly on pharmaceutical purchasing. I explain why in this article published in the NBR in 2003.

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