Newry pharma giant Norbrook to lay off 180 staff
NEWRY pharma giant Norbrook is making 180 workers redundant as part of what it says are “significant changes in its operating environment”.
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NEWRY pharma giant Norbrook is making 180 workers redundant as part of what it says are “significant changes in its operating environment”.
The pharmaceutical firm is one of NI's biggest exporters but faces "global economic challenges".
The pharmaceutical firm's profits fell by 21% to £21.3m, with a marginal rise in turnover.
Norbrook: Covid-19 hits profits at Newry pharmaceutical firm By John Campbell Published image copyrightPacemaker Norbrook Holdings, the Newry-based pharmaceutical firm, saw its pre-tax profits almost halve to £4.2m in the past year. Output was disrupted by the effect of the pandemic in the first half of the financial year. Chief executive Liam Nagle said the firm lost 20% of its manufacturing capacity for a four-month period. He said investments in factories and staff facilities allowed a return to full capacity later in the year. Norbrook produces veterinary medicines and is one of Northern...