New CEO to announce outcome of new restructuring plan in Jan Feb, what's he going to say?
"The New CEO Sems to want a high turnover of bench staff to keep things fresh ie nö velvet box syndrome. Expect rolling 3 year contracts."
what do you base this on?
Not saying your data of 15- 20% of people being offered a move is wrong but data we were given when Charnwood closed was that historically, across all companies/industries, for a relocation within the UK if all staff were offered a relocation they would get 15% to move. Possible that they are expecting 15 - 20% of people to move rather than offering a move to 15 - 20% of people? if they only offered 15% of people a move and only 15% of those accepted then that would be just over 2%! and given that there are around 2,000 at AP at the moment that would be just 40 people moving to fill 1,600 roles at Cambridge! I suspect more than 20% will be offered moves to Cambridge and in reality, for anyone prepared to move there will be the opportunity to do so other than at the senior roles.
My understanding is that 15 to 20% of AP People will Be offered Jobs at Cambridge. The New CEO Sems to want a high turnover of bench staff to keep things fresh ie nö velvet box syndrome. Expect rolling 3 year contracts. This is a fast dying company, take the package when offered and get out.
"There will Be nö Löss of jobs in Liverpool"
in a city of people who don't want jobs?
companies moving in will want to bring or recruit their own staff, TUPE won't apply.....maybe possible for site support (engineering etc) type roles but not for lab roles.
Let's hope AZ don't play the TUPE card. If they do, then no payoffs for those transferred
There are already over a dozen science parks within ten miles of Cambridge
Redx Pharma are forming a new subsidiary at Alderley Park with creation of 119 jobs. There will Be nö Löss of jobs in Liverpool
My point on the five year prediction is simply that there will have been a cost-saving incentive for one or more of these companies to move from their existing base to Alderley Park. So, what we have is a transfer of jobs from another area, not necessarily new jobs for now. Are Redx Pharma going to stay in the MerseyBio facility at Liverpool or will they move the (relatively) short distance to Alderley Park ? Alderley's gain could be Liverpool's loss. Don't forget the AZ philosophy of minimising the geographic footprint !
So I am not against new jobs, but merely sounding a warning for the future. Also remember in five years AZ R&D will be gone from Alderley to follow the science down to Cambridge. It only needs some philanthropist to start another Biohub in Cambridge (with start-up subsidies) and bang, Alderley Park becomes bleak (and expensive place) to be located in.
most start-ups are gone within five years, that is the nature of start-ups, so what is your point?
As for incentives for companies to move in - whether it's from Cheshire council who are partners in this, or from AZ, then at least it's an investment in science jobs which surely you'd agree is a good thing?
I wonder what incentives have brought these three tenants to Alderley Park. Heavily subsidised "golden hello" rentals perhaps ? Give them five years at most, and these new starters will be gone.
No one is interested but they have funding?
They amke it sound good but have essentially 'discovered' patent busting!
any idiot that visits Redx website based on that last post should have their cerebral cortex revoked. Sod off. No one is interested.
Does anyone actually know what RedX Pharma is doing? From their homepage it looks like they have some type of miracle method to produce new drugs.
Crackwhore Bioscience have just got funding from some Longsight VCs
Shell Suit Therapharma have some great science
... and Clagnut Biosolutions
Watch out for Dingleberry Biopharma
BioCity Nottingham Ltd, the UK’s leading provider of life sciences business incubation services, has been appointed by AstraZeneca to establish a new centre for bioscience companies at Alderley Park in Cheshire. The BioHub, will initially provide 36,000 sq ft of high-end laboratory and office facilities for early-stage and growing firms engaged in innovative drug discovery and development. Demand for accommodation is expected to be competitive with the first three tenant companies due to move on site today.
The first BioHub tenants to move on site include; Blueberry Therapeutics Ltd, Imagen Biotech Ltd and Redx Anti-Infectives Limited, a subsidiary of Redx Pharma. All three have strong ambitions for growth.
Yes, there are far too many Directors in PharmDev. The "span of control" is quite ridiculously small in some areas.
Site near Cambridge Airport under consideration.
Rumours today of major changes in PD with a long overdue culling of director level and upwards as depts are merged
I imagine the local council will be feeling pretty peeved to hear AZ is moving R&D out having agreed to invest in the Bio Incubator at AP only in January. Can't see AZ having any credibility with any council or the UK government any longer - could come back to bite them at some point in the future.
surely the science park at AP is now dead in the water with AZ R&D moving out? If AZ feels they need to move away, how could they convince tenants to move in?
Sounds like what is being done at AP is similar to what was done in Lund, perhaps for quite similar reasons.
We must emal Pascal and tell him there are ideal labs for rent not too far up the A1 from Cambridge...
The only reason 700 jobs have been retained at AP is as a sop to Osbourne the chancellor whose constituency AP lies. Very serious consideration was given to moving the whole of research to Boston, USA. Do not discount a complete move across the pond, I will be very surprised if the Cambridge move happens.
What really irritates me is the AZ attitude (in 2011) to facilitating the sale of the Charnwood site. When the deal to sell fell through at the last minute, we all heard Martin MacKay saying he was not in favour of (the failed deal) receiving extra finance from AZ because (in his words) these deals never work, and (by implication) it would subsequently fail when the pump-priming finance ran out.
Rumour has it the site was subsequently sold for a pittance.
Now fast forward from 2011 to 2013. The Bioscience cluster at Alderley Park is being heavily promoted by AZ, even to the extent of securing £5m UK Government money, and (this must really hurt them) retaining 700 non-R&D jobs on-site after the exit to Cambridge, in order to give the Bioscience cluster some degree of "AZ" credibility. All other logic would be to move the 700 office positions 8 miles down the road to Macclesfield, and then sell the Alderley Park site for a golf course (or other more lucrative option).
The bottom line is that AZ have shown double standards in their approach to disposing of Charnwood (literally to a waste recycling company) compared to their desparate attempts to support a (probably doomed) Alderley Park jewel.
If they manage to do something with the site now its semi derelict and bring used as a rubbish tip it will say something about the effort AZ put in.
If you visit the Jones Lang LaSalle webite and put Loughborough in the search tool, you get a nice aerial photograph of the Charnwood site. I could not post this link earlier as it thought it was spam !
There's [sorry 'bout that]
Definitely Charnwood site - passed by for old time's sake when I was in Go Outdoors the other week. Theres a big billboard on the edge of site near Artform with the website details on it.
Not charnwood site - university is doing a technology site
Charnwood site now up for rent !
Fast forward 10 years and this will read: Alderley Park site now up for rent.
The young Mr Granger says "Your all doing very well".
No news internally !
Don't exaggerate - it was only -36% ;-)
Anyone knwo what this Subpoena is about?
Oh dear, Cambridge seems so very far away
"Any thoughts or inside info on the restructuring/simplification in Pharm Dev that will be announced in early May?"
Sell your house, sell your kids, sell your qualifications and go live as a hermit.
Any thoughts or inside info on the restructuring/simplification in Pharm Dev that will be announced in early May?
Its 30 days minimum so employee reps may not have finished their deliberations yet.
AZ revised business plan found here:
Some iMed functons are putting together a revised business plan in light of the anouncements made 1 month ago. These will now have been agreed in the leadership teams, and will be subject to confidential consultation for 30 days with or employee reps. Any employee reps want to spill the beans?
Should cover the cost of a decent pad in Cambridge
It seems better and at least optimistic to have a golden hello, far better than DBs golden handshake for doing a disastrous job.
the whole market is up (due to central bank intervention) but AZ is under-performing compared to other healthcare and pharma stocks.
They may lambast the golden hello but the share price is still performing very well. Someone believes he will deliver!!
U.K. funds lambaste AstraZeneca CEO's £4M 'golden hello'.
More information about formatting options