Mass Layoff in Pfizer

04-12-2013 12:13AM #1

News coming of some serious job losses in the pipe line, anyone have any more info?

NuckingFacker · 04-12-2013 12:14AM

They're talking about stiff cuts at the Viagra plant anyway.

dxhound2005 · 04-12-2013 12:15AM

6541 wrote: »

News coming of some serious job losses in the pipe line, anyone have any more info?

I read this news on the internet.

News coming of some serious job losses

Fr_Dougal · 04-12-2013 12:17AM

Has been on the cards for a while, patents expire.

Femme_Fatale · 04-12-2013 12:17AM

lol pipe line.

steddyeddy · 04-12-2013 12:18AM

Not just Pfizer unfortunately but a lot of biomedical companies and pharm companies are thinking of shutting down. A lot of this will be based on the the loss of exclusive rights on patents. Eg other companies can make generic drugs for cheaper.

Hitchens · 04-12-2013 12:19AM

is it pronounced 'Piffizer' ?

Hitchens · 04-12-2013 12:20AM

Fr_Dougal wrote: »

, patents expire.

so do patients sometimes

keith16 · 04-12-2013 12:20AM

Never a good time for job losses but this is a particularly shitty time of year for it

DarkJager · 04-12-2013 12:22AM

It's going to be an announcement for the new Viagra eyedrops - they'll do nothing for your sex life but they'll make you look hard.

For Forks Sake · 04-12-2013 12:22AM

Hitchens wrote: »

is it pronounced 'Piffizer' ?

Fyzer

NuckingFacker · 04-12-2013 12:22AM

steddyeddy wrote: »

Not just Pfizer unfortunately but a lot of biomedical companies and pharm companies are thinking of shutting down. A lot of this will be based on the the loss of exclusive rights on patents. Eg other companies can make generic drugs for cheaper.

B0llox, with respect. A lot of this will be due to grants being curtailed, international pressure re tax planning and the fact there's greener fields. The IDA bought a pup - a glossy, shiny pup they threw money at, to the detriment of indiginous industries, mainly as they have no foresight and have their heads up their holes. Mobile plant, big world, new fields to be mown. There's always someone cheaper offering more. The IDA bet on the wrong horse, IMO. And I don't blame the MNCs, that's what they do for a living. I have scant regard for the IDA putting all their eggs into the one basket though. That was always the easier more glamorous option though. Fields and small Irish factories just don't have the same bling factor.

SimonQuinlank · 04-12-2013 12:24AM

Meeting tomorrow morning at 8.30am for 700 staff in Newbridge plant.

Pfizer aren't saying what its about though.Doubt very much its good news.

http://www.rte.ie/news/2013/1203/490738-pfizer-meeting/

dirtyden · 04-12-2013 12:24AM

6541 wrote: »

News coming of some serious job losses in the pipe line, anyone have any more info?

Where did you hear this?

I work in the industry but had not heard this and don't see it anywhere. Did you hear what sites the cuts may be at?

Hitchens · 04-12-2013 12:25AM

http://www.rte.ie/news/business/2013/0711/461797-pfizer-to-invest-130m-in-cork-and-dublin-plants/

from an RTE report in June 2013

Grimreaper666 · 04-12-2013 12:28AM

I'm not surprised to be honest. What i can't understand is how more businesses haven't folded already. Nobody seems to have money and the few that have don't want to spend it!!

kneemos · 04-12-2013 12:28AM

SimonQuinlank wrote: »

Meeting tomorrow morning at 8.30am for 700 staff in Newbridge plant.

Pfizer aren't saying what its about though.Doubt very much its good news.

If the staff don't know yet I doubt anyone else does.

KwackerJack · 04-12-2013 12:28AM

Anyone ever see that Guy outside the Pfizer plant in GrangeCastle?? Just has a placard that's said

'I lost my job over a 100 million Euro project'

Is Pfizer in GrangeCastle affected?

ChippingSodbury · 04-12-2013 12:31AM

B0llox, with respect. A lot of this will be due to grants being curtailed, international pressure re tax planning and the fact there's greener fields. The IDA bought a pup - a glossy, shiny pup they threw money at, to the detriment of indiginous industries, mainly as they have no foresight and have their heads up their holes. Mobile plant, big world, new fields to be mown. There's always someone cheaper offering more. The IDA bet on the wrong horse, IMO. And I don't blame the MNCs, that's what they do for a living. I have scant regard for the IDA putting all their eggs into the one basket though. That was always the easier more glamorous option though. Fields and small Irish factories just don't have the same bling factor.

I don't agree. When you look at the amount of money invested here in mid/ large pharma projects, it would make you eyes water. A lot of the initial investment was construction labour, they support a shed-load of local indigenous businesses on an ongoing basis e.g. engineering/ instrumentation/ calibration/ validation/ gases/ solvents/ waste management etc. etc. etc. They also pay good wages so even if they did pull out, they'll have far outpaid what they would have receivedin grant aid in the first place.
Incidentally, what "horse" would you have bet on given the chance?

I was talking to a guy from Pfizer in Newbridge today and the announcement is before lunch tomorrow: his bet was maybe 150 to go on that site

dxhound2005 · 04-12-2013 12:36AM

Independent is saying a possible 150 in Kildare as well. When I saw the thread title Mass Layoffs I thought that must mean thousands.

http://www.independent.ie/business/irish/fears-grow-for-150-pfizer-jobs-in-kildare-29806948.html

Red Crow · 04-12-2013 12:37AM

NuckingFacker wrote: »

B0llox, with respect. A lot of this will be due to grants being curtailed, international pressure re tax planning and the fact there's greener fields. The IDA bought a pup - a glossy, shiny pup they threw money at, to the detriment of indiginous industries, mainly as they have no foresight and have their heads up their holes. Mobile plant, big world, new fields to be mown. There's always someone cheaper offering more. The IDA bet on the wrong horse, IMO. And I don't blame the MNCs, that's what they do for a living. I have scant regard for the IDA putting all their eggs into the one basket though. That was always the easier more glamorous option though. Fields and small Irish factories just don't have the same bling factor.

The IDA are a shambles. Whatever about encouraging these companies to come here with various tax incentives, grants, relief schemes etc. everything in their power should of been done to keep these companies here. We will now have more people on the dole who are unemployable due to the decline in the pharmaceutical sector, we will now have hundreds of secondary jobs lost through transport, IT etc and this will have a negative affect on this country overall.

Another rubbish government full of useless polices.

allthedoyles · 04-12-2013 12:41AM

Generic option is bound to affect jobs - I think the new year is going to bring many job losses in all sectors .

The writing is on the wall.....................

dirtyden · 04-12-2013 12:44AM

NuckingFacker wrote: »

B0llox, with respect. A lot of this will be due to grants being curtailed, international pressure re tax planning and the fact there's greener fields. The IDA bought a pup - a glossy, shiny pup they threw money at, to the detriment of indiginous industries, mainly as they have no foresight and have their heads up their holes. Mobile plant, big world, new fields to be mown. There's always someone cheaper offering more. The IDA bet on the wrong horse, IMO. And I don't blame the MNCs, that's what they do for a living. I have scant regard for the IDA putting all their eggs into the one basket though. That was always the easier more glamorous option though. Fields and small Irish factories just don't have the same bling factor.

If you believe Pfizer make decisions based on an IDA grant you know very little about the industry. Pfizer will be losing billions per year in revenue due to the loss of patent exclusivity for Lipitor. Cuts are significant and worldwide. The pharma industry has become a more competitive environment for the pharma giants and they are having to change accordingly. It is unfortunate for those of us who work in the industry but I don't think we can hold the IDA responsible.

steddyeddy · 04-12-2013 12:50AM

NuckingFacker wrote: »

B0llox, with respect. A lot of this will be due to grants being curtailed, international pressure re tax planning and the fact there's greener fields. The IDA bought a pup - a glossy, shiny pup they threw money at, to the detriment of indiginous industries, mainly as they have no foresight and have their heads up their holes. Mobile plant, big world, new fields to be mown. There's always someone cheaper offering more. The IDA bet on the wrong horse, IMO. And I don't blame the MNCs, that's what they do for a living. I have scant regard for the IDA putting all their eggs into the one basket though. That was always the easier more glamorous option though. Fields and small Irish factories just don't have the same bling factor.

Pfizer pour billions into getting a drug onto the market. If their exclusive use of that chemical formula is lost then they have lost billions. This can happen through loss of a patent or the development of a similar drug which doesn't infringe on the patent but has a similar physiological effect. IDA grants are nothing to these people!

Phoebas · 04-12-2013 12:58AM

Red Crow wrote: »

The IDA are a shambles. Whatever about encouraging these companies to come here with various tax incentives, grants, relief schemes etc. everything in their power should of been done to keep these companies here. We will now have more people on the dole who are unemployable due to the decline in the pharmaceutical sector, we will now have hundreds of secondary jobs lost through transport, IT etc and this will have a negative affect on this country overall.

Another rubbish government full of useless polices.

Pfizer aren't moving jobs to cheaper markets. They've been cutting jobs worldwide for a good while now.
What Government policies do you think would save these jobs?

MadsL · 04-12-2013 12:58AM

Pharmageddon has been forecast for some time now.

Sky King · 04-12-2013 01:01AM

MadsL wrote: »

Pharmageddon has been forecast for some time now.

Have you been waiting for some time now to post that word?

Red Crow · 04-12-2013 01:06AM

Phoebas wrote: »

Pfizer aren't moving jobs to cheaper markets. They've been cutting jobs worldwide for a good while now.
What Government policies do you think would save these jobs?

Is that a serious question?

Phoebas · 04-12-2013 01:12AM

Red Crow wrote: »

Is that a serious question?

Yep.

micosoft · 04-12-2013 01:19AM

NuckingFacker wrote: »

Originally Posted by NuckingFacker View Post
B0llox, with respect. A lot of this will be due to grants being curtailed, international pressure re tax planning and the fact there's greener fields. The IDA bought a pup - a glossy, shiny pup they threw money at, to the detriment of indiginous industries, mainly as they have no foresight and have their heads up their holes. Mobile plant, big world, new fields to be mown. There's always someone cheaper offering more. The IDA bet on the wrong horse, IMO. And I don't blame the MNCs, that's what they do for a living. I have scant regard for the IDA putting all their eggs into the one basket though. That was always the easier more glamorous option though. Fields and small Irish factories just don't have the same bling factor.

Red Crow wrote: »

The IDA are a shambles. Whatever about encouraging these companies to come here with various tax incentives, grants, relief schemes etc. everything in their power should of been done to keep these companies here. We will now have more people on the dole who are unemployable due to the decline in the pharmaceutical sector, we will now have hundreds of secondary jobs lost through transport, IT etc and this will have a negative affect on this country overall.

Another rubbish government full of useless polices.

Totally agree. I mean, the pharma trade only employs 24,000 people on excellent pay and conditions in this country, export a mere €55.1 Billion per annum and only invested a paltry €7 Billion in infrastructure over the past 10 years. It's pathetic! Instead of the 10,000%+ return we should have invested on harder less glamorous options and the "right horse" like a 100 race accumulator, some magic beans and a trip to Las Vegas. Dumbos.

And what's more, the IDA/Government can't make patents last longer to keep those 150 jobs? Why can't they demand the world make patents last longer? Force people to only buy medicines made in Ireland? Idiots. Why does Barry O'Leary and the silly government not get this?

Pharmageddon was a great movie!

Hootanany · 04-12-2013 01:23AM

NuckingFacker wrote: »

B0llox, with respect. A lot of this will be due to grants being curtailed, international pressure re tax planning and the fact there's greener fields. The IDA bought a pup - a glossy, shiny pup they threw money at, to the detriment of indiginous industries, mainly as they have no foresight and have their heads up their holes. Mobile plant, big world, new fields to be mown. There's always someone cheaper offering more. The IDA bet on the wrong horse, IMO. And I don't blame the MNCs, that's what they do for a living. I have scant regard for the IDA putting all their eggs into the one basket though. That was always the easier more glamorous option though. Fields and small Irish factories just don't have the same bling factor.

That's a lot of baskets.

Mass Layoff in Pfizer

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