Mississippi Drug Maker Lays Off 75, May Owe State Money
JACKSON, Miss. (AP) — A Mississippi drug maker has laid off about 75 employees, leaving questions about its future and whether it has to repay economic development money.
Pharma Pac LLC made the layoffs Dec. 19, according to a notice filed with the Mississippi Department of Employment Security.
Kemper County Economic Development Authority Executive Director Craig Hitt said Monday the company has about 80 remaining workers. He says the company replaced management in October.
That calls into question whether Pharma Pac is meeting an agreement in which the state gave $500,000 to buy and renovate a building for the company. That agreement requires Pharma Pac to employ 179 through Sept. 30, 2014.
Pharma Pac hasn't returned calls seeking comment.
It repaid some money earlier because its original job target was set too high.