GSK reassures staff as it sells Cork site to Thermo Fisher Scientific

The GSK plant and surrounding farmland in Currabinny, Co Cork. Photo: David Creedon / Anzenberger

Global Healthcare company GSK has reassured staff that there will be no job losses at its Cork plant in spite of an agreement to sell the site to Thermo Fisher Scientific.

The sale will see the ownership of GSK’s Cork manufacturing site, including all facilities, business operations and approximately 400 employees transfer to Thermo Fisher, subject to the appropriate regulatory clearances.

Under Thermo Fisher’s ownership, the site will continue to support GSK as a key customer.

Thermo Fisher is a leading contract development and manufacturing organization (CDMO) for the pharmaceutical industry, offering services ranging from drug development to clinical trials to commercial manufacturing.

GSK Cork Site Director, Mike O’Sullivan, said that the acquisition offers a more sustainable future for the site and their highly talented employees.

“GSK has been in Cork for more than 40 years, so we recognise that today is a significant day for everyone at the site.

Our employees can be extremely proud of the contribution they have made to millions of patients’ lives all over the world through their work for GSK. We are confident that today’s announcement creates certainty and stability for the site and its employees.

Mr O’Sullivan said due to strategic changes in the GSK portfolio and emerging pipeline, the Cork site had been significantly under-utilised.

He said that it became clear that the site was no longer a competitive fit within GSK’s manufacturing network.

“As well as providing immediate certainty, furthermore, we believe the sale will leave the site well positioned for future growth and development.”

Patrick Glaser, president of the drug substance sector within Thermo Fisher’s Pharma Services business said becoming part of Thermo Fisher will ensure a “bright future for the employees that have contributed so much to the success of GSK over the years.”

Today’s announcement does not impact any of GSK’s other businesses or interests in Ireland.

More on this topic

Do you know recognise the girls in this photo taken in 1980s Cork?

Industry leaders: Housing and labour biggest barriers to growth in Cork

National architecture awards turn spotlight on Cork

Port of Cork announces collaboration with Port of Amsterdam

More in this Section

Workers at UK Ford plant vote to fight closure with threat of industrial action

Industry leaders: Housing and labour biggest barriers to growth in Cork

Call for action on tax appeal backlog

Mortgage rates for Irish customers edge upwards


Lifestyle

John McCarthy gives standout performance but Evening Train takes safe route

The Currabinny cooks celebrate the courgette

Cork city in the rare oul’ times

What next for Madonna?

More From The Irish Examiner