Teva’s 100 Job Boost

Teva Pharmaceutical Industries Ltd

Teva Pharmaceutical Industries Ltd

Israeli pharmaceutical company Teva is set to create at least 100 new jobs at its Waterford subsidiary.

The company plans to build a three storey, 1,800 square metre extension to its factory on the Waterford Industrial Estate.

The latest edition of The Sunday Times reported that the extension would include manufacturing space on the ground floor, with plant rooms, stores and offices on the upper floors.

A spokesperson for the company was not available at time of going to press and the IDA has declined to comment on the projected job creation.

However it’s thought the expanded facility would necessitate the recruitment of at least 100 additional staff to the 400-strong local workforce. The company’s website was advertising General Operative positions this week.

Teva Pharmaceuticals Ireland, part of Teva Pharmaceutical Industries Ltd, is one of Ireland’s leading pharmaceutical companies.

Its Waterford base is focused on the research, development and production of next generation respiratory products for the treatment of respiratory conditions, for supply to the US and other global markets. The company’s commercial arm is based in Dundalk.

Formerly known as IVAX and previously Norton, the factory first opened as Waterford Pharmaceuticals in 1985.

Teva Pharmaceutical Industries Ltd acquired the company in 2006. Two years later, plans for 165 new jobs at the plant were announced.

However the manufacture of some tablets was relocated from Waterford to Hungary back in 2009/ 10, as part of a cost-cutting programme which saw the loss of over 300 local jobs.

The manufacture of respiratory products, which was considered a strategically crucial part of the Teva group, remained in Waterford.

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