A PHARMACEUTICAL PLANT in Tipperary is to close, with the loss of 100 jobs.
Sun Pharma, which owns the Ranbaxy plant in Cashel, said today it expects to cease operations there by the end of the current calendar year.
A spokesperson for the company said the decision had been made as part of the company plan to “right size” its global manufacturing activities.
As part of ongoing operations network review, we continuously analyse our manufacturing capacity requirement to keep it in line with customer demand and avoid over-capacity.
The 100 workers were informed of the plan to close the plant today.
Sun Pharma said it will move some laboratory roles to other facilities within its global network.
It also said it will engage with trade unions and employee representatives in the coming months.
At the end of this period, if necessary, the company may proceed with necessary redundancies.
Responding to the news, Independent TD Mattie McGrath expressed his sympathies to workers, describing it as “an enormous blow” to the local economy.
It is also a significant setback to regional development in the South-East and it must be addressed with all the urgency it deserves.
He said he would be contacting Minister Richard Bruton to seek commitments from his department to extend all necessary support packages to the affected workers and their families.
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