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
160 - 161 jobs Number of planned job losses
Announcement Date
9 September 2010
Employment effect (start)
Foreseen end date
20 September 2013
Description
Pharmaceutical multinational Schering-Plough has announced 160 redundancies at its west Cork plant as a result of a cost-cutting programme. Schering-Plough, which is now part of the Merck multinational, currently employs 519 staff at the site. The redundancies are due to occur on a voluntary phased basis over the next three years. Management said it hoped the cost-cutting plan would secure the plant's future.
Sources
9 September 2010: RTE
Citation
Eurofound (2010), Schering-Plough, Internal restructuring in Ireland, factsheet number 70957, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70957.
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