As reported on the Times Online, Pharmaceutical giant, Pfizer, has announced that it plans to cut 6,000 pharmaceutical jobs in the Republic of Ireland and 90 jobs at its medicine packaging plant in Havant, Hampshire.
Pfizer employs approximately 5,000 people in Ireland and plans to close 3 of it’s a 5 sites there. The pharmaceutical company also plans to cut sites in Puerto Rico and the U.S by 2015.
Nat Ricciardi, Pfizer’s global manufacturing president, said: “The restructuring of our global plant network is critical to our efforts to remain competitive so that we can continue to meet patient needs and expand the access and affordability of our medicines. We have a complex network of manufacturing plants with excess capacity. That is not good for costs.”
Last October, Pfizer bought Wyeth for $67 billion and a further 20,000 pharmaceutical jobs are expected to be cut as a result of the acquisition.
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