Saturday, February 07, 2009

CVS Caremark gives notice of layoffs as it closes Largo facility


The closing of Largo CVS Caremark operations will leave 230 people without their jobs after March 31.

The mail service pharmacy facility at 8275 Bryan Dairy Road, Largo, is closing due to integration activities related to the 2007 merger of CVS Corp. and Caremark Rx Inc., said CVS Caremark Corp. spokesman Mike DeAngelis in an e-mail to TBBJ.

CVS is working to place affected employees in other positions within the company, including retail stores, DeAngelis said. If other job opportunities aren’t available, employees will be eligible for outplacement support, counseling and a transition package covering financial and health benefits.

Headquartered in Woonsocket, R.I., CVS Caremark Corp. (NYSE: CVS), which has roughly 190,000 employees, bills itself the nation’s largest provider of prescriptions and related health care services.

In addition to its pharmacy benefit management, mail order and specialty pharmacy division Caremark Pharmacy Services, the company operates 6,300 CVS/pharmacy stores in 40 states, online pharmacy CVS.com and MinuteClinic, a retail-based health clinic subsidiary.

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