Le aziende farmaceutiche statunitensi valutano il potenziale di muovere il lavoro dall’Irlanda se le tariffe colpiscono duramente
https://www.independent.ie/business/us-pharma-firms-assess-potential-of-shifting-work-from-ireland-if-tariffs-hit-hard/a477115973.html
di Irish201h
16 commenti
Well isn’t that just great news!
They are “assessing” but they know it’s not cost effective and will take longer than trumps presidency to complete. Non starter.
“OK, we’ve assessed it. Moving production would take 6-8 years, cost billions, triple our salary cost base, and leave us exposed to tariffs into Europe instead of tariffs into the US. Not viable.”
The UK army has plans for a zombie invasion, because sensible people have plans for everything.
For information: any serious company has dozens of plans like this and reviews them in a regular basis.
They’ll make a show of it to plamas the orange one. Move some bulk process to the US and do an accounting trick to say they have begun the move but the big stuff is a multi year effort that requires huge planning and resources.
They’ll throw him some nuggets to brag about, our media will say the sky is falling and a year after he croaks/leaves office/is hung by his ankles from the nearest petrol station all of it will be quietly moved back.
Or we will all be living in caves in a nuclear wasteland.
I bagsy the Doolin cave. It’s whopper.
of course you assess something – thats what company’s constantly do. the knowledge gap between journalists and reality has never been larger.
Companies do business things companies do.
Conclusion as expected.
The is a non story. Huge corporations constantly assess the potential of anything that may positively or negatively impact them. There’s whole teams of people dedicated to it.
It’s hard to say if big investments like this will leave the country, but we are also at increased risk of just not getting new investments in this climate. Every year we lose FDI jobs as well as gain them, and end up usually with a net overall gain. But you can read in IDA’s 2023 annual report, for example, that we actually had a net loss of -1,014 jobs in that year – we gained 16,843 and lost 17,857.
We’ve lost out on investments in the past – think Intel’s most advanced new fab going to Germany, if I recall. So what big expansions will we miss out on, what less sticky jobs might we lose, and will this be a temporary change or a permanent shift post-Trump.
Meanwhile we continue to let costs rise for companies looking to invest or grow here (including domestic ones), take an age to get anything planned and approved and built for them, constantly tell them we don’t have the water or electrical infrastructure to support a lot of investments, let our housing crisis carry on and raise salary costs to try keep up…. Etc etc etc. Apple was complaining to the government recently about the crap public transport around their Cork base. This stuff matters.
We cannot be complacent (…but we are).
Typical Irish Independent waving their arms in the air to stoke panic story. Research research research.
Political theatre for sake of appearance they are onboard with the orange in the presidency …
I work in a medical device factory and the take on what potentially could happen is that investment for new stuff will dry up but as regards to just pulling up sticks right now and moving, it’s a financial nightmare.
It’s incredibly difficult to optimise a supply chain at scale.
And you certainly can’t turn on a dime every time a tariff is announced, placed on hold, reversed, adjusted etc.
What a chaotic rollercoaster.
This is Tarrifying
Thought the whole idea of being based in Ireland was to manufacture and sell into EU
Note that most of them will not be affected by returning to the US as they will be relocating assets. Their bottom line will take a minor hit but that will be offset by not having to maintain Irish employment standards wherever they set up shop next.
The only ones this really hurts are the employees.