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
150 jobs Number of planned job creations
Announcement Date
29 March 2007
Employment effect (start)
Foreseen end date
Description
Pharmaceutical giant GlaxoSmithKline (GSK) is expected to unveil plans today, 29 March 2007, to begin production of a new anti-cancer drug at its Cork plant which will create 150 jobs. GSK obtained approval from the US regulator, the Food and Drug Administration (FDA), for the breast cancer treatment drug Tykerb, and the company is planning to commence production of the drug at the Currabinny site near Carrigaline, where it was researched and developed. GSK already employs 1,400 people in Ireland, including between 600 and 700 people at the Co Cork site. Production of the new drug will involve a multimillion Euro investment which will create some 150 jobs. GSK's plant in Currabinny was established in 1974 and is currently the sole production site for a number of the company's top-selling drugs. The investment will be good news for both Cork and the wider economy following some setbacks and job losses in the pharmaceuticals sector.
Sources
29 March 2007: The Irish Times
Citation
Eurofound (2007), Glaxo Smith Kline, Business expansion in Ireland, factsheet number 65199, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65199.
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