Pfizer restructuring push hits Ireland

After encountering a significant drop in demand for its COVID-19 products, Pfizer announced a significant restructuring aimed at ultimately saving $3.5 billion globally. The initiative continues with cost-cutting efforts in Ireland where the company plans to consolidate offices and eliminate jobs. The pharmaceutical giant, which was the biggest in the world in 2022, recently announced it will relocate employees from its Citywest office in Dublin to its larger Ringsend facility. The company did not specify an exact number of layoffs. This comes just weeks after Pfizer cut 100 jobs at its Newbridge plant.

Pfizer said it would≥ move all employees from Citywest to the larger Ringsend site to “enable growth and investment in our Irish manufacturing network.” Additionally, the company plans to bolster its Grange Castle biotech facility, which manufactures vaccine and biologic ingredients. Pfizer has biotech and pharmaceutical manufacturing sites in Dublin, Cork,…

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