€200m Eli Lilly expansion in Cork postponed over Trump plans

A planned €200m expansion project in Cork has been put on hold over concerns around Donald Trumps latest plans.

According to the Sunday Business Post pharmaceutical company Eli Lilly has postponed plans to invest on its current site in Kinsale over the US President's suggestions on reforming the industry

The company requested planning permission for the investment which would have created hundreds of new jobs.

Productions commenced at the Kinsale facility in 1981 and currently over 500 people are employed at the site.

Pharmaceutical stocks dropped last month when Trump suggested price negotiating to save the government billions of dollars.

Related Articles

Trump nominee for attorney general asserts his independence

Trump’s attorney general nominee defends memo criticising Mueller probe

Burgers and fries on White House menu as Trump lays on fast food feast

Trump’s tax cut boost for markets already spent

More in this Section

Theresa May suffers 'humiliating' defeat as EU say deal needed for 'orderly withdrawal'

Gardaí seek assistance locating missing teen from Dublin

Prison managers challenge service on ‘scapegoating’

Gardaí renew appeal for help in finding 18-year-old missing from Dublin


New series explores Ireland's remote townlands and its people

James McAvoy is a Glass act in latest film

Turning 30: Regrets, advice and reflection from those who've hit the milestone

Mild winter inspires new season’s looks

More From The Irish Examiner