News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Actavis to Close Research Unit in Malta



3/11/2013 8:35:34 AM

Pharmaceutical company Actavis has decided to close down the research and development department in Bulebel, where 60 employees work. While insisting that no jobs had been terminated yet, Actavis Malta’s managing director, Sergio Vella, explained that, following the acquisition by US giant Watson, the company ended up with many R&D units worldwide, creating duplication of work. Last December, the company closed down an R&D unit in the US and another one in Greece was closed last week. The employees at the Bulebel unit, with an average age of 38, received an e-mail at 7am yesterday, calling them to an urgent meeting at 11am. Some of those who were on long leave or maternity leave were also asked to attend. The meeting was addressed by Watson’s vice president R&D and by the vice president human resources, who came to Malta specifically to address the employees. The workers were given a presentation of the R&D situation and were informed of the company’s decision to close down Malta’s R&D arm by the end of the year. They were told in advance so that those who preferred to could seek employment elsewhere. Mr Vella said the decision was part of the company’s global restructuring process. The Finance Ministry confirmed the company’s decision, noting it would not affect the rest of the 1,000-strong workforce. Later in the day, Malta Enterprise had an urgent meeting with managers on the decision of the international management. The two sides reached an agreement for the talks to continue, the ministry said. It said the company’s local management would be making proposals that would be discussed with Malta Enterprise, with the aim of finding a solution that would safeguard the people affected.

Read at News Release


comments powered by Disqus
Actavis
 
 

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES