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Pfizer axing 500 plus jobs in Cork - Irish Job News - News on Jobs for Ireland

Pfizer axing 500 plus jobs in Cork

8 February 2007 | Ireland | 2 Responses by paul savage.

First it was FCI in Fermoy and then it was Motorola in Mahon that were announcing they were reducing operations, now we have Pfizer ( announcing lay-offs. Today they have stated that 65 staff are being left go from their main plant in Ringaskiddy, Co. Cork. And there are plans to sell of their plant in Loughbeg and part of its operation in Little Island. This threatens a further 480 jobs.

bye bye pfizer

The closures follow a fall in the company’s global profits resulting from the failure of its latest drug in clinical tests.

Times seem to be hard for businesses in Ireland. So the totals of announced job losses in the last 3 weeks is 1,400 of these 900 of them are from the Cork region alone. Many are no longer lured by the attractive offers from the IDA or the low corporation tax, and they see that operations in emerging European markets like Poland and Hungry or even further afield are the way to go.

2 Responses

  1. Irish Job News - News and jobs for Ireland : VMware to bring at least 300 new jobs to Cork said on 19 Feb 2007 at 8:42 am

    […] Recent Jobs News VMware to bring at least 300 new jobs to Cork Government seeks a Consultant. Interested ? Pat Rabbitte offers 2% less Pfizer axing 500 plus jobsin Cork BUPA Ireland bought by Quinn Group DELL feeling the Pinch too ? End of Free Ride for Studs […]

  2. Blogging from the Bog :: The Plan :: December :: 2007 said on 30 Dec 2007 at 9:08 pm

    […] Outside of the Pale we get Lismullen, Shannon Airport, Waterford, and Cork.  The schools, roads, and hospitals beyond the Dublin area look very similar to the way […]

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