The Fair Labor Standards Act of 1938 codifies many aspects of employee compensation, including minimum wage, overtime pay, exempt and nonexempt classification, youth workers' rights and record-keeping. However, the act doesn't govern employment standards concerning vacation pay or time off for vacation.
Pfizer has a rich history and growing presence in New York State. Pfizer was founded in Brooklyn, New York, in 1849, and today New York State is home to Pfizerâs World Headquarters and the largest number of Pfizer employees worldwide.
Tailoring Production to Demand at Pfizer. The companys manufacturing facility in Freiburg, Germany, uses an approach that maximizes flexibility and segmentation. The parameters of todayâs global pharmaceutical industry, and the highly competitive business arena in which it operates, continue to evolve. Pricing pressures are increasing, generics are moving to the forefront as blockbuster patents expire, and regulatory demands are rising.