A €200m expansion at Eli Lilly near Kinsale, Co Cork is not believed to be under threat despite the pharmaceutical company saying it is to cut 3,500 jobs worldwide as well as a number of its global facilities.

A €200m expansion at Eli Lilly near Kinsale, Co Cork is not believed to be under threat despite the pharmaceutical company saying it is to cut 3,500 jobs worldwide as well as a number of its global facilities.