The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
240 jobs Number of planned job losses
Announcement Date
17 May 2016
Employment effect (start)
17 May 2016
Foreseen end date
17 May 2019
Description
Clare-based pharmaceutical manufacturer Roche Holding AG is to close, with the loss of 240 jobs.
In November 2015, the plant was signalled for closure but there were hopes a buyer for the plant could be found over the following six months. This effort was not successful however, and the plant is now to close. There will be an orderly wind-down of the company, with final closure expected between 2018 and 2019
Roche has been operating in Clarecastle, Co Clare since 1974.
Sources
17 May 2016: The Irish Times
Citation
Eurofound (2016), Roche Holding AG , Closure in Ireland, factsheet number 87527, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87527.
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