Closure of Wyeth Nutrition in Limerick sees Nestle's Ireland arm post loss of €290m

The site's closure, which manufactured infant products exclusively for Asian markets, was announced in October last year and resulted in the loss of more than 540 jobs

Wyeth. Askeaton, Co. Limerick. Pic/ Press 22

The Irish arm of global food giant Nestle saw losses surge in 2023 following the closure of its infant formula manufacturing plant in West Limerick. 

Following a pre-tax profit of €2.4m in 2022, the company posted a pre-tax loss of €290m last year, driven by the impairment of the investment in Wyeth Nutrition that was recognised in the 12 months.