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Statement: CVS Addresses Employment in RI

Thursday, March 28, 2013


CVS released the following statement to GoLocalProv in response to the March 26 article, "CVS Threatens Job Loss Because of Chafee Tax Cuts."

A recent GoLocalProv article about CVS Caremark includes misinformation about the company and our current level of employment in Rhode Island. Here are the facts:

To manage our distribution center (i.e., warehouse) workforce during normal fluctuations in productivity, a small number of employees will voluntarily take time off for up to two weeks. At the end of the time-off period, the employees resume their positions. This occurs a few times a year throughout our network of distribution centers across the country and it is not unique to our Rhode Island distribution centers.

Also, we are not making any widespread layoffs in our Rhode Island operations. Staff reductions and additions are part of the normal course of business throughout the year. In fact, we are continuing to add jobs in the state and we currently have over 500 open positions in Rhode Island, more than half of which are in our corporate offices.

Michael DeAngelis is the Director of Public Relations for CVS Caremark. 


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Thomas Kolodziejczak

Mr. DeAngelis responds to Go Local's story on CVS and its blatant threat to take its ball and go elsewhere if the tax credit it currently enjoys is repealed in favor of lower corporate taxes for other potential employers but he only deals with the staff reductions that he says are "part of the normal course of business" and not the meat of the story. Mr. DeAngelis as Director of Public Relations you ought to have a response to the extortion CVS is currently committing against the state that has so generously granted it the tax benefits it seeks to keep for itself. But one thing at a time....

Kati Loreen

Before we let them extort us, let's tax their whole business from RI to California. Then they can go suck at the tit of MA.

Gary Arnold

Hey folks, this is business and how it is run by corporations and states that want to keep them in their state.
If you look at all of the benefits that CVS brings to RI vs. what RI puts out, there should be no question that RI is gaining because of CVS.
They have not explained it that way but could.

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