| 5.8°C Dublin

136 jobs hinge on Pfizer buyer

PHARMACEUTICAL giant Pfizer has confirmed the sell-off of its second Cork plant – with 136 jobs now depending on a buyer being found for the sprawling facility.

THE US firm called a staff meeting today to confirm it is to consolidate all manufacturing operations at its Ringaskiddy facility.

Its award-winning Little Island plant is now deemed surplus to requirements and will be sold off in 2014 as a going concern.

The decision was underpinned by the depressed global pharmaceuticals market and some of Pfizer's key products coming off patent protection and sales being hit by competition from cut-price generic drug rivals.