Ac­tavis to axe 200 jobs by 2018, gov­ern­ment to find work­ers al­ter­na­tive employment

Malta Independent - - FRONT PAGE -

Ac­tavis will be re­duc­ing its work­force as part of a con­sol­i­da­tion ex­er­cise

Phar­ma­ceu­ti­cal com­pany Ac­tavis will lay off 200 em­ploy­ees over the next two years but the gov­ern­ment will be find­ing them al­ter­na­tive employment, it was an­nounced yes­ter­day.

Econ­omy Min­is­ter Chris Car­dona and Employment Min­is­ter Evarist Bartolo said Ac­tavis will be re­duc­ing its work­force as part of a con­sol­i­da­tion ex­er­cise af­ter it was ac­quired by Teva in Au­gust of this year.

Ac­tavis op­er­ates in Ħal Far and Bulebel and cur­rently em­ploys more than 700 peo­ple and in­tends to cut down the num­ber to 500.

The min­is­ters said the gov­ern­ment has ap­pointed a task force to iden­tify al­ter­nate employment and many va­can­cies in the phar­ma­ceu­ti­cal field have been iden­ti­fied.

Job­splus CEO Clyde Caru­ana said the work­ers will be of­fered employment in a num­ber of other com­pa­nies in the pri­vate sec­tor.

Em­ploy­ees were be­ing in­formed at the same time that the press con­fer­ence was be­ing held. The re­dun­dancy process will last un­til 2018 but it was ex­plained that at least 175 of the 200 work­ers that will be laid off will be in new jobs by 2017.

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