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 (20 - 21) Manufacture of chemicals and pharmaceuticals 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
121 jobs Number of planned job losses
Announcement Date
4 October 2010
Employment effect (start)
Foreseen end date
Description
Pharmaceutical multinational GlaxoSmithKline has announced 121 redundancies at its plant in County Cork. GSK has attributed the job losses to declining demand for certain drugs it manufactures. The company currently employs 460 people in manufacturing and research and development at the County Cork site.
Sources
4 October 2010: RTE
Citation
Eurofound (2010), GlaxoSmithKline, Internal restructuring in Ireland, factsheet number 71005, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71005.