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 21.1 - Manufacture of basic pharmaceutical products
New offshoring locations
Netherlands, Belgium, United States of America
130 - 570 jobs Number of planned job losses
Announcement Date
28 November 2013
Employment effect (start)
1 July 2014
Foreseen end date
31 December 2014
Description
Pharmaceutical manufacturer MSD, is to cut 130 jobs in the second half of 2014 at its plant in Swords, Co Dublin. As announced, the company plans to close the plant by the end of 2017, with an expected job loss total of 570.
According to media reports, the Swords plant production activities will be offshored to the group’s facilities in the Netherlands, Belgium, the USA and also outsourced to other manufacturers in Europe.
In March 2013, MSD announced also the closure of its ingredient plant at Rathdrum, Co Wicklow, by the end of 2015 with the loss of 280 jobs.
MSD employs more than 2,000 people in Ireland.
Sources
28 November 2013: Irish Independent
29 November 2013: The Irish Times
Citation
Eurofound (2013), MSD, Offshoring/Delocalisation in Ireland, factsheet number 76291, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76291.
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