Pfizer Closing Plant In Ireland As Sale Collapses
Make a commentBy Ed Silverman // August 6th, 2008 // 7:57 am
The decision means that 180 jobs in Cork will be lost after an 18-month effort to find a buyer for the facility, one of five manufacturing plants in Ireland, RTE News reports.
A sale fell through last month and the plant will close by the end of 2009. In a statement, Pfizer said all possible avenues to find a buyer were exhausted. Meanwhile, Pfizer is still trying to find a buyer for a second facility in Ringaskiddy, where 300 people are employed. In explaining its decision to dispose of the plants, Pfizer cited the 2006 failure of torcetrapib, an experimental cholesterol drug.
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Ireland, jobs, Pfizer