Post updated , see below : Today at 2pm Pfizer (www.Pfizer.com) is announcing their plans to reduce their workforce. They plan to make their announcement with the opening of the New York Stock exchange. They will hold meetings at their various sites in Ireland at 1:30pm today. With the takeover of Wyeth (www.wyeth.com) last year, there is definitely an over lap in staffing, and this is what is going to be addressed today. Pfizer / Wyeth employs 5,000 people in Ireland, with sites in Dublin, Cork , Kildare, Limerick Sligo at 11 different locations. Internal rumours expect that 800 jobs could go, but they expect it to be on a voluntary basis.
Update : Pfizer plans to lay off 275 staff at their Newbridge, Co. Kildare plant. In Cork, the plants at Loughbeg, Co Cork (225 jobs) and Shanbally Co. Cork (75 jobs) will are ear marked to be sold out over 18 months, and a similar fate is in store for the plant at Dun Laoghaire (210 jobs) in Co Dublin. If a buyer is not found these, 510 jobs could also be lost. Pfizer plans to cut their global workforce by 18% or 6,000 jobs in the next 5 years.