DUBLIN (Reuters) - Novartis said on Thursday that it would cut up to 400 jobs in Ireland, or about a quarter of its workforce there, as part of a previously announced restructuring programme that will cut 8,000 jobs globally.<\/p>\n
The Swiss pharmaceutical giant said in June that the plan targeting savings of at least $1 billion by 2024 would reduce its total workforce of over 100,000 people by around 7.4%.<\/p>\n
The changes could potentially impact around 400 staff at its global service centre in Dublin, Novartis said in a statement. It currently employs 1,500 people in Ireland, including 1,000 in the Dublin operation that it said will continue to play a critical role.<\/p>\n
\"Ireland is an important location for Novartis due to its unique eco-system of highly educated, skilled and adaptable workforce which is critical in the knowledge-intensive, high-science, pharma sector,\" Novartis AG said.<\/p>\n
All of the world's top 10 pharmaceutical companies have operations in Ireland, making the country the fifth largest exporter of pharmaceuticals globally, according to state investment agency IDA Ireland.<\/p>\n
Jobs growth among multinationals in Ireland soared to record levels in the first half of 2022, helping push the unemployment rate to a near 21-year low of 4.3% and keeping the economy growing strongly despite inflationary pressures.<\/p>\n
(Reporting by Padraic Halpin; editing by Jonathan Oatis)<\/p>\n
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Novartis to cut its Irish workforce by up to 25% - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" DUBLIN (Reuters) - Novartis said on Thursday that it would cut up to 400 jobs in Ireland, or about a quarter of its workforce there, as part of a previously announced restructuring programme that will cut 8,000 jobs globally. The Swiss pharmaceutical giant said in June that the plan targeting savings of at least $1 billion by 2024 would reduce its total workforce of over 100,000 people by around 7.4%. The changes could potentially impact around 400 staff at its global service centre in Dublin, Novartis said in a statement. Continue reading