Am I Next? Layoffs at Inmar, Inc. after Genco acquisition.

Winston-Salem, North Carolina-based Inmar, Inc., a technology and data analytics company,has announced that the company is closing their pharmaceutical processing operation in Milwaukee, Wisconsin which will result in 265 lost jobs. The company acquired this facility when it purchased the assets of Capital Returns (GENCO Pharmaceutical Services) in February 2019. According to a WARN (Worker Adjustment and Retraining Notification) notice filed with the States of Wisconsin, the layoffs included 104 scanner operators, 37 controlled substance processors, and 18 customer service representatives.  The layoffs are scheduled to take place between June 15, 2019 and August 31, 2019. The company provides pharmaceutical returns management solutions for manufacturers, pharmacies, and drug-related wholesalers.

A company spokesperson noted at the time of acquisition, “Through this agreement, we will improve trading partner data exchange, collaboration and relationships, and find incremental business value through the requirements of the FDA's Drug Supply Chain Security Act. We look forward to continuing to build on our long-standing history as a trusted intermediary and improve quality, security and regulatory compliance for our clients."

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere ... are you now wondering, Am I Next?