FOR IMMEDIATE RELEASE
October 15, 2009
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Pfizer-Wyeth Merger Will Keep Jobs In PA

Senators John Rafferty and Andy Dinniman and Representative Mike Vereb said the planned merger of Pfizer Inc. and Wyeth will not result in layoffs thanks to a strong effort by legislators and the Administration to keep the jobs in Pennsylvania and are gratified at the Pfizer-Wyeth decision.

When the merger was announced, the legislators said there were real concerns that the companies would relocate and lay off thousands of employees.   The legislators worked closely with the Governor’s Action Team and the Department of Community and Economic Development to ensure that the jobs stayed in the Commonwealth and that workers’ positions were secure.

"This is a huge victory and relief for this area, particularly as we work to turn the economy around," Rafferty said.  "Thanks to hard work and advocacy and cooperation with the folks from Pfizer-Wyeth, we will ensure that workers are not impacted by the merger and that Pennsylvania has a large presence in the company." 

Representative Mike Vereb added, "This was a true team effort, with Legislators and the Governor working aggressively with Pfizer-Wyeth to make this a reality."

Wyeth, based in Madison, N.J., employs several thousand people in the area.