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
460 jobs Number of planned job creations
Announcement Date
25 July 2006
Employment effect (start)
Foreseen end date
31 March 2008
Description
A multi-million euro investment by a leading medical devices company Cordis Corporation will create 460 skilled jobs in Co Tipperary. Johnson & Johnson subsidiary Cordis Corporation has decided to establish a state-of-the-art plant in Cashel to develop and manufacture products for the treatment of coronary artery disease. Cordis Corporation develops and manufactures interventional vascular technology.
Johnson & Johnson already has a presence in Cashel through its drug delivery systems manufacturer, Alza, which employs 150 people. The investment by Cordis Corporation in a new 180,000 sq feet facility adjacent to the Alza plant will require people with medical devices, engineering, technical and laboratory qualifications and skills and development personnel up to PhD level.
Sources
20 July 2006: The Irish Times
Citation
Eurofound (2006), Cordis Corporation, Business expansion in Ireland, factsheet number 63818, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63818.
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