Pharmaceutical giant Bayer HealthCare announced Monday that it will consolidate its entire East Coast business in New Jersey, keeping 1,700 jobs in the state and adding up to 500 more.
Best-known for its Bayer aspirin, Bayer HealthCare said it employed a total of about 2,500 people at those four locations.
According to the Quarterly Census of Employment and Wages collected by the federal Bureau of Labor Statistics, employment in New Jersey's pharmaceutical and medicine manufacturing sector peaked at 42,256 in 2007. It dropped to 37,957 in 2008 and 33,993 in 2009.
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