Labour Court recommends 8% pay rise for 205 Pinewood Healthcare workers

Clonmel-based pharma firm told court it has successfully refinanced its debt but is in an extremely sensitive and precarious situation

Siptu had sought a 10% pay increase for the 205 workers while Pinewood Healthcare proposed a pay increase of 6%. Picture: Paddy Cummins

Pharma firm Pinewood Healthcare has successfully refinanced its debt but is in an extremely sensitive and precarious situation in relation to its finances.

That is according to a submission made on behalf of the Clonmel-based pharma company to the Labour Court as to why the court should not accede to demands by Siptu for a 10% pay increase for 205 operatives.