130 jobs under threat as Suir set to be wound up in Tipperary

More than 130 jobs are at risk following the appointment by the High Court of a provisional liquidator to a Co Tipperary-based pharmaceutical manufacturing company.

Suir Pharma Ireland, is located at Waterford Road in Clonmel. It has been making generic medicines for about 40 years in the town but is insolvent and is to be wound up.

At the High Court yesterday the company cited sustained and irreversible losses of €4.9m during the 15 months before March 2015, and a large drop in sales in the US market late last year, for its difficulties.