Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Generic pharmaceutical manufacturing company Viatris is to close its plant at Little Island in Cork resulting in the loss of 200 jobs over the next four years.
The company will begin winding down the manufacturing site and it will be closed by the end of 2028. It is anticipated that the majority of staff will be made redundant from the middle of 2028 with all jobs gone by December 2028.
Currently, Viatris employs around 1,600 people at multiple sites across Ireland.
Eurofound (2024), Viatris, Closure in Ireland, factsheet number 201461, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201461.