Menu
08/01/2004
Schering-Plough to slash 170 jobs in Cork
Pharmaceutical giant Schering-Plough has followed through on plans announced late last year to slash overall payroll expenses by at least 10% with news that 170 jobs are to go at the Brinny plant near Inishannon in Cork.
The Tánaiste and Minister for Enterprise, Trade and Employment Mary Harney said she very much regretted the impact this announcement will have on the workers and their families.
Ms Harney said that though this announcement was not unexpected, given Schering-Plough Corporations declaration of its intention to cut its worldwide payroll expenses by 10%, it is very disappointing news.
"The main priority and focus at this time is to ensure that all those losing their jobs are given the necessary assistance they may require. The commitment of the company together with the resources of FAS and other state agencies will be made available to assist them in finding alternative employment," she said.
The US-based company had targeted staff reductions as part of an effort to make multi-million dollar cost savings in operating costs.
Schering-Plough employs around 1600 people in Ireland mainly at two in pharmaceutical manufacturing plants in Cork and Wicklow.
The research-based company develops, manufactures and markets pharmaceutical products worldwide.
(SP)
The Tánaiste and Minister for Enterprise, Trade and Employment Mary Harney said she very much regretted the impact this announcement will have on the workers and their families.
Ms Harney said that though this announcement was not unexpected, given Schering-Plough Corporations declaration of its intention to cut its worldwide payroll expenses by 10%, it is very disappointing news.
"The main priority and focus at this time is to ensure that all those losing their jobs are given the necessary assistance they may require. The commitment of the company together with the resources of FAS and other state agencies will be made available to assist them in finding alternative employment," she said.
The US-based company had targeted staff reductions as part of an effort to make multi-million dollar cost savings in operating costs.
Schering-Plough employs around 1600 people in Ireland mainly at two in pharmaceutical manufacturing plants in Cork and Wicklow.
The research-based company develops, manufactures and markets pharmaceutical products worldwide.
(SP)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
14 May 2002
Sun powers NI's largest pharmaceutical wholesaler
Northern Ireland's largest pharmaceutical wholesaler, Sangers (NI), has recently upgraded its technology infrastructure with the addition of an Enterprise 3500 server from Sun Microsystems.
Sun powers NI's largest pharmaceutical wholesaler
Northern Ireland's largest pharmaceutical wholesaler, Sangers (NI), has recently upgraded its technology infrastructure with the addition of an Enterprise 3500 server from Sun Microsystems.
03 October 2012
Pharmaceutical Company Jobs Boost
Dublin, Minister for Jobs,Enterprise and Innovation, Richard Bruton TD, has announced that Aspen, one of the leading generic pharmaceutical companies in the world, is to create 44 new high quality jobs.
Pharmaceutical Company Jobs Boost
Dublin, Minister for Jobs,Enterprise and Innovation, Richard Bruton TD, has announced that Aspen, one of the leading generic pharmaceutical companies in the world, is to create 44 new high quality jobs.
28 April 2005
Kingfisher warns of potential drop in profit
Kingfisher, the owner of the B&Q home improvement chain, has announced that they are expecting reported retail profit for the first quarter to drop by 15%. Kingfisher also said that it expected like-for-like sales to decline by around 6% in the first quarter.
Kingfisher warns of potential drop in profit
Kingfisher, the owner of the B&Q home improvement chain, has announced that they are expecting reported retail profit for the first quarter to drop by 15%. Kingfisher also said that it expected like-for-like sales to decline by around 6% in the first quarter.
26 July 2001
Union issues warnings over BT profit loss
Despite making some headway in reducing its amount of debt, British Telecommunications (BT) has revealed yet another quarterly drop in profits. Announcing figures for the second quarter, Chairman Christopher Bland said that BT had succeeded in reducing debt from the “unsustainable” level of almost £28 billion, as recorded in March of this year.
Union issues warnings over BT profit loss
Despite making some headway in reducing its amount of debt, British Telecommunications (BT) has revealed yet another quarterly drop in profits. Announcing figures for the second quarter, Chairman Christopher Bland said that BT had succeeded in reducing debt from the “unsustainable” level of almost £28 billion, as recorded in March of this year.
16 July 2001
EUROPEAN FUNDING BOOSTS UK IT BUSINESSES
UK businesses currently receiving European funding for innovative IT projects have urged others to follow their example, by contacting the Department of Trade and Industry’s (DTI) support initiative UKISHELP.
EUROPEAN FUNDING BOOSTS UK IT BUSINESSES
UK businesses currently receiving European funding for innovative IT projects have urged others to follow their example, by contacting the Department of Trade and Industry’s (DTI) support initiative UKISHELP.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
