Major pharmaceutical company Pfizer is set to close three of their Irish locations, resulting in the cutting of 210 jobs. Among the three locations being closed by Pfizer are Grange Castle, Dublin, Newbridge, Kildare and Ringaskiddy, Cork.
The cuts will begin towards the end of 2024, extending into 2025 as part of their global cost-cutting plan.
Currently, Pfizer employers over 5,000 people in Ireland, with five locations across the island.
Pfizer announced their $1.5 billion cost-cutting plans in May. This follows last year’s $3.5 billion cost-cutting plans, which would also see 100 people made redundant in Pfizer’s Newbridge location.
The pharmaceutical giants described their wide-spread redundancy as “very last resort” and that the job-related decisions would be “transparency, respect, and in compliance with all applicable laws”.
The redundancies being made by Pfizer will be a combination of both voluntary and targeted. Exact details were not provided however it is believed that those made redundant will receive financial packages from Pfizer.
What to do if you have been made redundant
In the unfortunate circumstance that you have become redundant, there are some things you can do to get back on your feet as quickly as possible.
It can be beneficial to speak to a redundancy expert. At the National Redundancy Helpline, we offer free advice to those who need it.
We will be able to discuss your situation with you and advise you on your next best steps.
It is also recommended that you begin your redundancy application as soon as possible. This will give you control in your application and more options moving forward.
Making a budget and assessing your finances can also give you more peace of mind and stability with your remaining funds. By having organised spending, you can put more focus into finding a new job and keeping up with financial responsibilities.
How to prepare for redundancy
Redundancy can often come fast and without much warning, meaning it can be hard to prepare for. However, it is always worth considering it, no matter what job you are in.
There are a number of things you can do to be prepared should redundancy occur. Some of these examples include:
- Saving weekly/monthly
- Keeping your CV updated
- Look out for new job opportunities
- Continue to grow as an employee
Speak to a redundancy expert today
Whether you have been made redundant or are preparing for redundancy, it is a good idea to speak to an expert. At the National Redundancy Helpline, we have dedicated experts who are happy to help anyone who needs it.
For free advice, simply get in touch with us today. Eager to help, our team will give you the advice you need to improve your situation.
