Novartis and Molex cuts may be tip of iceberg

The decisions by the Swiss pharmaceutical giant Novartis to shed 320 of the 550 jobs at its Cork campus over the next three years and by Koch Industries to close its Molex manufacturing facility in Shannon, with the loss of 500 jobs, may be the tip of the manufacturing industry closures’ iceberg in Ireland.

Addressing the causes may be crucial to preventing further job erosion in the manufacturing sector.