Projo Biz Blog

CVS to shut Florida unit, lay off 200 workers

1:03 PM Fri, Jan 30, 2009 |
By Paul Grimaldi    Email this author |   Email this entry

Woonsocket-based CVS Caremark Corp. will close a mail-order pharmacy facility in Largo, Fla., on March 31, a company spokeswoman confirmed today.

The company could lay off approximately 200 people as part of the closure.

CVS will try to shift workers to other jobs within the company, including CVS stores in the area, according to an e-mail sent to The Journal by Christine K. Cramer, a CVS spokeswoman. Employees left without jobs will be eligible to receive outplacement support, counseling and unspecified financial and health benefits.

Cramer said the company decided to close the Largo operation as part of the integration work that resulted from the merger of CVS and Caremark Rx Inc. in 2007.

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