CVS/Caremark to cut 136 jobs at Scottsdale offices - East Valley Tribune: Business

CVS/Caremark to cut 136 jobs at Scottsdale offices

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Posted: Wednesday, March 19, 2008 10:41 pm | Updated: 10:42 pm, Fri Oct 7, 2011.

CVS/Caremark Corp. will eliminate 136 positions at its offices in Scottsdale, less than three months after cutting 423 positions in its Phoenix mail-order operations and less than a year after the company announced plans to hire more workers in the Valley.

The Arizona Department of Economic Security reported the company will cut the jobs by March 28.

Of the 136 workers at the company's product development offices in Scottsdale, 86 of them were placed in other positions within the company, said spokeswoman Carolyn Castel.

The number of affected employees in Scottsdale "has diminished to just around 50," she said. "We've been working very hard with those employees to find other positions for them within the CVS/Caremark organization, and we're gong to continue doing so over the remaining period of time."

Castel added that the company also found new positions for about 140 workers whose jobs were cut in the Phoenix operations. "The number of affected employees in the Phoenix facility is about 280," she said.

Caremark, one of the nation's largest pharmaceutical services companies, merged with the drugstore chain CVS Corp. in November 2006.

In April 2007, the company's executive vice president of marketing, Jack Bruner, told the Tribune that "as we look at the product development and the marketing, we are expecting to make some additions to the staff."

Castel said a major reason the company is cutting jobs is to reduce redundant responsibilities after the merging of the companies.

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