BAUSCH AND LOMB TO CUT 200 JOBS B
ausch and Lomb, one of Ireland’s largest
pharmaceutical employers has announced that it is to shed 200 jobs as the company struggles with growing financial problems. The company, which last year was
bought by the Canadian pharmaceutical manufacturer Valeant, is facing calls for significant budget cuts from its new owners who are also looking at reducing the company’s wages bill. Senior members of the Valeant
management team have targeted, what they call, a ‘bloated’ administrative budget for cuts and are looking at a more aggressive sales strategy instead of the previous focus on expensive research projects worldwide. B&L currently employs over 13,000
people worldwide with 1,200 of those based in Ireland in its Waterford plant. That facility is one of the company’s biggest producers of its contact lenses. While Bausch & Lomb are looking to
cut jobs the Irish pharmaceutical company EirGen Pharma announced plans to create 40 jobs for highly skilled graduates and experienced professionals on the back of opening its international headquarters in Waterford. EirGen Pharma has made a €4m
investment in a state-of-the-art high-containment facility, enabling the company to specialise in the development, registration and manufacture of oncology products for global markets.
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SIEMENS TARGETS IRISH HEALTHCARE SECTOR
Siemens Limited has announced that it will be enhancing its customer relations and has made four new appointments within its healthcare sector in Ireland demonstrating, according to the company, its commitment to the Irish market. The appointments include:
Denis O’Faherty as head of healthcare sector in Ireland, Ronan Kirby who is now head of customer service, Laurence Hayes
takes up the role of commercial head for healthcare, and Peter Corr heads the Projects Group and is responsible for all aspects of equipment installation and refurbishment works for healthcare imaging systems. O’Faherty previously worked as
national sales manager at Siemens, Kirby first started working at Siemens as a service engineer within the X-ray division, while Hayes joined Siemens
NEW ENTERPRISE IRELAND FUND
W
elcome to the Summer issue of Irish
Manufacturing. In this month’s issue we take a look at the pharmaceutical industry in Ireland. While Bausch and Lomb may be cutting jobs, many other innovative companies located in Ireland are looking to invest further. Ethicon has just announced an investnent of over €80m bringing hundreds of highy skilled jobs to the Irish economy.
T
echnology pervades every aspect of our lives today
and in this issue we look at some of the latest sensor and sensing technologies that are being developed - from energy harvesting to the use of machine-to-machine technologies to create the smarter city.
Neil Tyler- Editor 4 Summer2014 | IRISH MANUFACTURING
A new fund worth over €500,000 has been set up to encourage young entrepreneurs to start their own businesses. Targeting new graduates the Enterprise Ireland Competitive Start Fund will be open to applications in July offering each successful applicant up to €50,000. The fund is targeting a variety of business activities including the
Healthcare in 2011 as its commercial business manager. Corr became a dedicated project manager in 1998 at the healthcare industry supplier. Commenting Paul Lynam, CEO of
Siemens Ireland, said the new appointments bring a wealth of experience and knowledge. “We will continue to offer a high
level of technological innovation and support for both existing and new Siemens customers.”
internet, app development, gaming, cloud computing, the life sciences and cleantech - among others. According to Enterprise Ireland the
fund will look to help start up and early stage companies launch and offer new products and will provide them with support as they look to sell into the international marketplace. The first fund if its type to target graduates the programme will be open to those who graduated with a Fetac level eight qualification in the past three years.
Ethicon Biosurgery Ireland, part of the Johnson & Johnson group, has announced a planned investment of €80m supported by IDA Ireland to build a state-of-the-art manufacturing facility in Limerick’s National Technology
Park.The planned project is expected to create 270 jobs over the next five years, plus 150 temporary construction jobs as the 60,000 sq-ft facility takes shape.
www.ethicon.com
Apple has confirmed that it will be buying Beats electronics, the headphone maker and music streaming service in a deal worth over $3bn. If the deal goes ahead it will be the company’s biggest acquisition to date.
www.apple.com CENTER PARCS EYES UP IRELAND
Martin Dalby, the chief executive of Center Parcs, has said that the company is looking at Ireland as a possible new location for its latest luxury holiday development. According to Dalby, who was
speaking to Travel Weekly, Ireland was ‘quite attractive’ as a possible destination. Several years ago Dalby had held
talks with the Irish Government about opening a complex in Ireland but those talks ended when the financial crisis hit. Industry experts believe that
should the development go ahead it could generate anywhere up to 1,200 jobs during the construction phase and a further 1,500 when it is up and running.
Ardagh, the glass and packaging group, is expected to proceed with its long awaited stock market launch. Expected to take place in the second half of this year the flotation is expected to be used by the company to pay down its €3bn debt. The Irish- back multinational company supplies bottles to leading drink firms such as Budweiser, Coca-Cola and Heineken. Sales in the first half of 2013 totalled €968m.
www.ardaghgroup.com
The life-sciences sector is the
fastest-growing area of Ireland’s export industry, according to Tom Brennan, the company’s chief technical officer. “We hope that our continuing
efforts will inspire other high-end technology companies to invest - and re-invest - in the region, providing further opportunities for employment growth while driving forward efforts to secure Ireland’s future as the location-of-choice for manufacturing industries.
/ IRISHMANUFACTURING
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