February 29th, 2008Glaxosmithkline to axe 100 Jobs
Glaxosmithkline have decided to reduce its staff in Currabinny, Cork, by nearly a hundred employees. This move has become imperative due to a fall in the worldwide sales of a number of drugs, the ingredients of which are manufactured at this site. This, decision, the company stressed was not because of any fault in the employees’ dedication or efficiency, but merely a need to keep the situation sustainable.
This news comes as a terrible blow to Cork which has been in the pharmaceutical industry for a number of years. This is made worse by the fact that, one of the mainstays of Irish manufacturing is the pharmaceutical industry and as the traditional indigenous companies were already ailing, a lot of hopes were pinned on high profile companies such as Glaxosmithkline.
Things to consider:Good old Traditional Rugs