none

Pfizer to close Sydney plant axing 140 jobs

31-08-2010
by 
in 
Pfizer to close Sydney plant axing 140 jobs

Pharmaceutical company Pfizer plans to shut down its Sydney manufacturing plant in 2015, with about 140 workers set to lose their jobs.

The company announced last week it would it phase out operations at the West Ryde plant, which produces tablets and capsules for both humans and animals.

"This has been a difficult decision, and reflects the need to align our global manufacturing capacity with the needs of our business, manufacturing operations director Justin Mathie said in a statement.

"Our focus in the months ahead will be on those colleagues impacted by this decision, as well as ensuring we continue to make Pfizer medicines available to Australian patients."

Mr Mathie said the pharmaceutical industry is trending away from high-volume medicines towards those of higher value that target a specific patient population or disease condition.

"This requires more flexible manufacturing facilities and a different overall approach to manufacturing," he said.

Most workers will not be impacted until 2015.

Pfizer's other Australian plant, based in Perth, will stay open.

The Australian arm of the Pfizer American multinational pharmaceutical corporation currently employs more than 1600 people.

Source: The Australian

Related news & editorials

  1. 20.09.2018
    20.09.2018
    by      In
    Control Logic has set its sights on expansion, with a new leadership team incorporating key roles in products and marketing, sales and development, and operations and services. The move aims to increase the company’s skill set and focus to drive innovation and expand the company’s expertise and... Read More
  2. 19.09.2018
    19.09.2018
    by      In
    The Australian Made Campaign is providing some valuable support for the nation’s furniture manufacturers with its latest initiative, which urges local buyers to ‘take comfort in their purchase’ and choose genuine Aussie furniture, bedding and furnishings this spring.
    According to Australian Made... Read More
  3. 12.09.2018
    12.09.2018
    by      In
    Siemens has unveiled its new manufacturing facility in Yatala (Queensland), which has been set up to support the growing global demand for the locally developed Fusesaver medium-voltage circuit breaker.
    The new factory is part of an ongoing $25 million investment in manufacturing and research of... Read More
  4. 11.09.2018
    11.09.2018
    by      In
    APS Industrial has relocated its Melbourne base into an all-new 4500m2 head office and national distribution centre in Rowville. The new facility includes an interactive product showcase room and state of the art conference facility.
    According to APS Industrial MD David Hegarty, “Since our launch... Read More