Swords, Co Dubin-based pharmaceutical plant MSD is to close by the end of 2017 with the loss of 570 jobs, it has been confirmed today.
The closure follows a review of MSD’s worldwide manufacturing operations, resulting in sites being sold, closed and consolidated around the world.
IDA Ireland said the pharmaceutical sector is of prime importance to the Irish economy, with more than 22,000 people employed in the sector.
“IDA is committed to working intensively with MSD on finding a buyer for the facility and creating alternative employment in the area,” said IDA Ireland chief executive Barry O’Leary.
“The extended lead-in time of 2017 will facilitate IDA Ireland greatly in finding a buyer.
“IDA Ireland has a good track record in finding buyers for pharmaceutical sites such as this.
“IDA Ireland has previously facilitated purchases of major sites like MSD’s in Swords from global pharma companies, such as Pfizer and Wyeth,” O’Leary said.