#Open journalism No news is bad news

Your contributions will help us continue to deliver the stories that are important to you

Support The Journal
Dublin: 5°C Tuesday 24 November 2020
Advertisement

130 jobs to go in Alkermes' Athlone facility

The company said the decision was made following a reduction in demand for certain pharmaceutical products.

The Alkermes facility in Athlone.
The Alkermes facility in Athlone.
Image: Alkermes.com

PHARMACEUTICAL COMPANY ALKERMES has announced that it is to reduce its staff by between 100 and 130 over the next two years.

The company said the decision was made following a reduction in demand “for certain pharmaceutical products that have become generic or are nearing the end of their commercial life”.

The company hopes to achieve the jobs losses through a combination of natural attrition, voluntary redundancy and compulsory redundancy.

Headquartered in Dublin, Alkermes currently employs 440 people between Dublin and Athlone.

Local TD Denis Naughten said it was a “dark day” and the job losses would “take approximately €4 million in wages out of the local economy”.

The pharmaceutical plant was formally known as Elan, but the businesses were combined in September 2011.

Read: Elan’s Athlone unit to get $1bn in merger deal >

#Open journalism No news is bad news Support The Journal

Your contributions will help us continue to deliver the stories that are important to you

Support us now

Read next:

COMMENTS (26)