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Significant job losses feared at Novartis pharmaceutical company in Ringaskiddy, Co Cork


There are fears of major losses at a major pharmaceutical manufacturing company in Cork.

Swiss medical giant Novartis employ 550 people at their two facilities in Ringaskiddy.

More than 300 of the workers are involved in the manufacturing process while the others work in business support, administration, production planning and testing.

Novartis have been carrying out a review of its operations worldwide over the past three years and staff in Cork have been summoned to attend a meeting at 8am this morning.

While the company is not expected to close its Cork operation, it's understood that significant jobs losses will follow a period of consultation between local management and employees.

 

A global business services centre run by Novartis in Booterstown in south county Dublin is not likely to be affected, RTE reports.

The news comes just hours after 500 jobs are set to be axed at a company in Clare.

Molex announced on Tuesday that it plans to close its Shannon facility by the end of 2020 due to the lack of market demand for their products.

The US company has operated in Shannon since 1971, and makes electronic components that are used in a range of industries such as smartphones, airplanes and automobiles.

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The factory in Shannon was Molex’s first European facility.

A spokesman for Molex said: “As a leading supplier to the dynamic global electronics marketplace, Molex continually evaluates market demand and adjusts our operations to align our resources with that demand. Having a market competitive cost structure is critical for building a sustainable business.

“Following a review of the product lines manufactured at its facility in Shannon, Ireland, Molex today announced its intention to close that facility by the end of 2020, subject to an employee consultation process.

"The closure is expected to take place in a series of phases, starting in early 2020."


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