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15 Companies Hiring Despite the Recession

15 Companies Hiring Despite the Recession


August 11, 2009


Abbott Labs
15 popular prescriptions, 15 popular medical products, 9 nutritional products including Ensure, Pedialyte and ZonePerfect

Abbot Labs is a 120+ year-old company. They employee 68,000 people worldwide and have more than 100 facilities worldwide. Their products are sold in more than 130 countries.

Industry: Pharmaceutical Health Care

Corporate Offices: North suburban Chicago, Illinois

Other Major Office Branches: Parsippany, New Jersey; Worcester, Massachusetts; Ludwigshafen, Germany

How They’ve Handled the Recession: Medical care is an essential area for people to spend money in, regardless of a downturn in the economy. People will still get their prescriptions, hospitals will still need equipment, sick kids will still need Pedialyte. “Our products are the kind that people rely on and need, regardless of economic conditions,” CEO Miles White says. Furthermore, Abbot Labs’ products are sold internationally. USA Today reports, “Abbott’s third-quarter sales this year soared 18% to $7.5 billion, boosted by autoimmune disorder drug Humira and drug-coated metal stents for heart-related surgery. About half of Abbott’s third-quarter sales were international.”

Working at Abbot Labs: • Abbott has been named to DiversityInc magazine’s annual “Top 50 Companies for Diversity” list for the fifth consecutive year.
• Named one of America’s Most Admired Companies every year since 1984 by Fortune magazine
• Ranked 96 on “The Fortune 500” list of the largest U.S. based corporations (based on 2007 earnings)
• Ranked 167 on the Forbes 2000 list (based on 2007 figures)
• Ranked No. 23 in 2007 ranking of world’s 100 most respected companies by Barron’s
• Dow Jones Sustainability Index: Listed among world leaders in economic, environmental and social performance four straight years (2005-2008)

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