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
100 jobs Number of planned job losses
Announcement Date
20 February 2008
Employment effect (start)
Foreseen end date
Description
Glaxosmithkline, the pharmaceutical firm, is to reduce its workforce at Currabinny, Co Cork, by 100. The company said that due to falling sales for a number of the products produced at Cork there was “excess capacity at Currabinny, and this situation is not sustainable”. The Currabinny site produces ingredients for a number of drugs, including Tykerb, which is used in the treatment of breast cancer. Some 500 people are employed there. Finbar Whyte, the site director, said the redundancies were not a reflection on the performance of the site or the commitment of the employees. “Unfortunately, due to falling volumes globally of some of our site's products, we have excess capacity at Currabinny, and this situation is not sustainable”, he said.
Sources
22 February 2008: The Irish Times
21 February 2008: The Irish Times
Citation
Eurofound (2008), Glaxo Smith Kline, Internal restructuring in Ireland, factsheet number 66335, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66335.
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