Abbott Laboratories

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Recent Tells/Reviews and Answers on Abbott Laboratories

The company is extremely conservative and very slow

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It is a large company and sometimes it seems they are in the position of following the industry instead of leading. Pay also seems to lag behind other medical device companies in the area.
Employee
Someone
3

Disconection between mid and upper management

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Become more employee oriented. Organization and strategic planning is just better and requires no improvement.
Employee
Someone

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ok ok - could be and used to be a lot better.
Employee
Someone
1

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During the process of being aquisitioned by Abbott Laboratories, the incoming management used the published term "Abbott for Life" to tell us that there would be no layoffs which happend not to long after saying that to our faces. Some of the surviving employees were demoted and others were hit with a second round of layoffs. The severance packages were very good for some and not so good for others. The HR department in Abbott Park has some good talent and some absolutely horrific talent. At times, they need to be prodded and even then, mistakes they make (read 'my money') are dismissed as not an issue and takes up to months to resolve. Keep in mind, while they are holding on to your money you are unemployed and have no means of income so you slip on car payments, insurance payments, etc. The management style is regimented, strict and methodology is very well documented and supervisors and managers are well trained in these aspects yet middle and upper management are not held to the same standards and follow through is atrocious. Ultimately, supervisors and managers are held accountable to a degree much more strictly than middle and upper managers holding them back from raises and advancement. My perception was that during the layoffs and demotions and subsequent power grabs, the higher managers protected themselves from the fate they had witnessed by creating a protective bubble made up of published Abbott cultures and disciplines and pointing at others (even middle management took the bullet sometimes) that they had identified as not adhering to the Abbott culture. I hear there are more layoffs in the making which will further degrade this already unhealthy working environment.
Employee
Someone

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How about a kick in the pants for some execs instead of a golden parachute for severance.
Other
Someone

lay-offs

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Once again Abbott will lay off more employees. Here's an idea--all found on the Internet. MILES D. WHITE--your Char got a 2010 pay of $1.85 million with stock options total ling $26 million. He is one of the highest priced CEOs in the pharmaceutical business. THOMAS FREYMAN--Exec. VP got a total pay package of $9.5 million. LAURA SCHUMACHER--General Counsel made $774,000 with stock options total ling $1.485 million. If these three execs + the Board of Directors would agree to a $1 a year salary (sorry, Buffy and Muffy do not need new cars every year)--a vast amount of employee jobs would be saved.
Other
Someone

Opportunities for Abbott Candidates

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Hello: I am writing to let Abbott (Diagnostics and Molecular) employee's know that I have opportunties (QA, RA, Validation, and Project Management- all levels) within 2hrs of your facility for a privately held, stable, growing division within an IVD and research product company where many Abbott people have enjoyed joining. Please contact me for more details at michele@micheleguzmanconsulting.com! Thank you!
Other
michele

layoffs

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Is there going to be any layoffs in Temecula/ Murrieta area.
Employee
Someone

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Good News - Seeking Abbott employee's who are looking for a new opportunity! We are building out a new IVD division with a wonderful privately held 35 year old company located in the Midwest and would LOVE to know about you at all levels! Call Michele Guzman or e-mail (707.528.1722) or michele@micheleguzmanconsulting.com!!


Employee
Someone

elvenabast

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newsletter jaiku reliable leading
Employee
Someone
2.3

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