Pfizer to shed up to 150 jobs as it sells plant

UP to 150 jobs are to be shed after the world’s largest pharmaceutical company announced it is to sell off one of its plants.

Due to a rationalisation, Pfizer has sold its Loughbeg API plant in Cork to Portuguese company Hovione.

Pfizer announced in February 2007 that a rationalisation meant it would cease manufacturing at two of its Cork plants.