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Tag Archives: €20 million

Roche confirms closure after new deal fails

Hundreds of workers in a Clarecastle pharmaceutical manufacturing facility have been left reeling after talks to copperfasten an expected takeover by another global giant ended unsuccessfully. Roche Ireland has confirmed that negotiations for the transfer of the Clarecastle manufacturing site to a global pharma services company have ended without an agreement following a rigorous examination. As announced in November 2015, production at Clarecastle will cease in a phased approach currently estimated to be completed between 2018 and 2019 when the company will exit the site. Roche will now enter into formal consultation with employees and their representatives about the planned closure of the site. Barring a new deal with another global giant, the closure will cost the local economy an estimated €20 million in direct and indirect jobs. Workers were informed about the unsuccessful end to negotiations at a meeting in the Clarecastle facility on Tuesday afternoon. In a statement issued to the Clare Champion, the company said it is …

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