EMCC European Monitoring Centre on Change

Roche

Company/Organisation:
Roche

Geographic Location

Country: Ireland
Region: Mid-West; Southern and Eastern
Location of affected unit(s): Clarecastle

Company

Sector: Manufacturing
Manufacture of pharmaceuticals, medicinal chemical and botanical products
21.20 - Manufacture of pharmaceutical preparations
Number Employed: 132

Employment Effects

Announcement Date: 18-09-2019
Planned Job Reductions min: 132
Planned Job Reductions max: 132
Type of Restructuring: Closure
Employment Effect Start: 31-03-2020
Foreseen End Date: 30-06-2020
Direct Dismissals: 132

Additional Information

Pharmaceutical company Roche announces its plans to close its plant in Clarecastle by March 2020. Already in a phased shutdown, the site has a workforce of 132 employees, who are planned to be made redundant by June 2020. According to reports, the company set aside €24 million to fund redundancy packages for employees, who are likely to receive €180,000 each on average.

The decision is the result of the difficulty in finding a buyer for the site. Moreover, the company recorded pre-tax losses amounting to €1.7 million in 2018, with an 11% decrease in revenues.

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