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.
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
180 jobs Number of planned job losses
Announcement Date
6 August 2008
Employment effect (start)
Foreseen end date
31 December 2009
Description
One of Ireland's largest pharmaceutical employers, Pfizer, is to close one of its Cork-based plants, resulting in 180 redundancies, after it could not attract a buyer for the facility. A planned sale of the facility had fallen through following negotiations with an interested party. The closure is due to take place on a phased basis before the end of 2009.
Sources
7 August 2008: The Irish Times
Citation
Eurofound (2008), Pfizer, Closure in Ireland, factsheet number 66978, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66978.
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