CVS/Caremark closing mail-service pharmacy operation at Cotton Center - East Valley Tribune: Business

CVS/Caremark closing mail-service pharmacy operation at Cotton Center

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Posted: Friday, December 28, 2007 11:10 am | Updated: 5:34 pm, Fri Oct 7, 2011.

CVS/Caremark will close its Phoenix mail-service pharmacy operation on New Year’s Eve, leaving more than 300 jobs in jeopardy.

The closing was announced Sept. 28.

The facility is located at the Cotton Center near the Phoenix-Tempe border. Caremark also has a substantial workforce in Scottsdale, which is not affected.

“The decision to consolidate this operation into other existing operations was made after careful consideration and because of changing business demands and integration activities since the CVS and Caremark merger,” said Michael DeAngelis, CVS/Caremark spokesman. “The employees whose positions are affected were informed, and our HR team has been working closely with these employees to place them in other positions.”

To date, the number of laid-off employees will be at least 100 fewer than the 423 indicated in a notification to the Arizona Department of Economic Security, he said.

“We don’t have a final number yet for job loss as we’re still in the process of trying to place employees elsewhere,” he said.

“They were notified at the end of September of a Dec. 31 effective date of this operation being closed,” DeAngelis said. “So it’s been a gradual closing for the last three months.”

The facility is not been closed completely, he added, because other smaller departments at the Cotton Center location will remain open.

CVS Corp. announced in November 2006 that it was buying Caremark, and the merger was completed early this year.

CVS/pharmacy is the nation's largest retail pharmacy chain with approximately 6,200 stores across 38 states. Caremark, a pharmacy benefit management company, provides prescription benefit management services to more than 2,000 health plans, including corporations, managed-care organizations, insurance companies, unions and government entities.

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