Closing Lilly plant will cost millions

DRUGMAKER Eli Lilly and Co said yesterday it would take $85 million (€65m) to $95m in restructuring charges for closing a manufacturing facility in Basingstoke, Britain, affecting more than 550 jobs.

The manufacturing site has 445 employees and 111 contractors.

Lilly said that about 100 employees would be retiring, some staff might be redeployed and other employees would take a redundancy package.