Pharmaceutical company Novartis has announced its plans to cut around 400 jobs in Dublin. Moreover, Novartis has announced job cuts in a bid to save cost and the savings may impact around one quarter of their workforce in Dublin.
Cost saving effort
The pharma company termed the job reduction as a strategic decision. Moreover, the company stated that several cost saving measures will take place at its Global Service Centre at Elm Park in Dublin over the next couple of years. Dublin Global Service Center has the highest number of Irish employees. However, the company did not say anything regarding job cuts at its site in Ringaskiddy Co Cork. Previously, Novartis laid-off 320 employees at Ringaskiddy site. Currently, 210 employees are working at the very plant.
Novartis will continue operating in Dublin
Despite the job cuts, Novartis is positive that Dublin is still a valuable site for them. Moreover, Ireland will continue to play a critical role for the company following the job cuts. “Ireland is an important location for Novartis due to its unique eco-system of highly educated, skilled and adaptable workforce which is critical in the knowledge-intensive, high-science, pharma sector.” Novartis said in a statement.
Simpler and leaner organization
Furthermore, Novartis has a workforce of around 1,000 employees at the Cork center. However, this number could come down to 600 after the completion on job cuts. Significantly, the company’s statement did not say anything regarding the areas where job cuts will be targeted. Although, they informed the employees and consultation process with employee representatives will go ahead. “Novartis recognizes that announcing such an intention has a significant impact on people and creates uncertainty. Novartis is committed to keeping associates informed in as transparent and timely a manner, as possible.” Novartis added to their statement. In April, Novartis announced that implement a new global organizational structure and operating model. Therefore, their aim is to make a simpler and leaner organization model.
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