PharMEDium Healthcare is a leading provider of ready-to-use compounded sterile preparations. According to its official website, it produces 150,000 units of finished compounded sterile preparations each day. This week, the company filed a WARN notification with the Tennessee Department of Labor and Workforce Development. The letter notifies the agency of an upcoming permanent layoff. The layoff is expected to be effective on March 12, 2019. The company’s facility is located at 6100 Global Drive in Memphis, Tennessee.
In total, it is believed that 440 workers will be separated from their employment. The Tennessee Department of Labor and Workforce Development’s Dislocated Worker Unit was notified on January 11, 2019. The impacted workers are not represented by a collective bargaining agreement. Therefore, bumping rights do not exist. The WARN notification can be found here.