Viatris Redundancies in Ireland (2026) – Jobs at Risk, Dublin Plant Closure & Impact
Viatris has announced significant redundancies in Ireland, with up to 340 jobs at risk following plans to wind down its manufacturing plant in Damastown, Dublin.
The move is part of a broader global restructuring strategy, as the pharmaceutical company seeks to streamline operations and improve efficiency across its business.
What’s in this guide?
Key Facts: Viatris Redundancies Ireland
What Happened?
Why Is Viatris Making Redundancies?
Impact on Ireland
What Employees Should Know (Ireland Redundancy Rights)
Timeline of Viatris Redundancies in Ireland
Trends: Redundancies in Ireland (2026)
What Happens to Your Pension After Redundancy?
Useful Links / Documents
Common Questions about Viatris Redundancies in Ireland (FAQ)
Key Facts: Viatris Redundancies Ireland
- Company: Viatris
- Industry: Pharmaceuticals
- Jobs at risk (Ireland): Up to 340
- Location: Damastown, Dublin
- Announcement date: February 2026
- Site closure timeline: By 2028
- Main reason: Global restructuring and cost optimisation
What Happened?
Viatris confirmed plans to wind down operations at its Damastown manufacturing facility in west Dublin, putting up to 340 jobs at risk.
The company stated that the site will be gradually closed by 2028, with no immediate job losses expected. Instead, the process will involve a phased wind-down of operations alongside consultations with employees and their representatives.
Why Is Viatris Making Redundancies?
The redundancies are part of a wider strategic shift by Viatris.
Key reasons include:
- Global restructuring: The company plans to reduce its workforce by around 10% over the coming years. ()
- Cost reduction: Efforts to improve operational efficiency and reduce expenses
- Resource reallocation: Focusing investment on areas with higher growth potential
According to the company, the decision followed an enterprise-wide review aimed at optimising its organisational structure and improving long-term performance.
Impact on Ireland
The planned closure of the Damastown facility represents a significant development for Ireland’s pharmaceutical sector.
Key impacts:
- Loss of up to 340 jobs in the Dublin area
- Reduced manufacturing footprint for Viatris in Ireland
- Potential knock-on effects for local suppliers and communities
However, the company has stated that it will engage in a full consultation process and aims to support affected employees through the transition.
What Employees Should Know (Ireland Redundancy Rights)
Employees affected by redundancies in Ireland may be entitled to:
✔ Statutory Redundancy Pay
Available to employees with at least two years’ service
✔ Consultation Process
Employers must engage with staff before implementing redundancies
✔ Support Measures
Companies often provide:
- Redundancy packages
- Career transition support
- Employee assistance programmes
Taking early steps—such as getting advice from a professional can help ensure your redundancy calculations are correct and you understand your options such as pension options when made redundancy.
Speak with one of our advisors today to discuss your options in redundancy.
Timeline of Viatris Redundancies in Ireland
- 2022–2023: Major global layoffs announced
- 2024–2025: Continued restructuring and efficiency measures
- 2026: Latest round of redundancies affecting Ireland
This pattern reflects broader changes across the global tech industry.
Trends: Redundancies in Ireland (2026)
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Explore similar announcements:
- Tech layoffs in Dublin
- Pharma redundancies Ireland
- Other multinational job cuts
What Happens to your Pension if you are made Redundant in Ireland?
If you are made redundant, your pension remains yours — but you will need to decide how best to manage it going forward. The right decision can play a crucial role in protecting your long-term financial security.
1. Keep Your Pension in Your Existing Scheme
You may choose to leave your pension where it is until retirement.
Best suited to:
- Individuals satisfied with current fund performance
- Those who prefer a low-maintenance approach
2. Transfer to a Personal Retirement Bond (PRB)
A Personal Retirement Bond (or Buy-Out Bond) allows you to move your pension out of your employer’s scheme and take direct control.
Key advantages:
- Greater flexibility over investments
- Control over when benefits are accessed
- Option to combine pensions from different employments
3. Combine Multiple Pension Pots
If you’ve accumulated pensions from several roles, redundancy can be an ideal time to bring them together.
Benefits include:
- Simpler administration
- Potential cost efficiencies
- Improved visibility over your retirement planning
4. Access Your Pension Early (If Eligible)
Depending on your age and scheme rules, redundancy may allow early access to your pension.
This may include:
- Taking a tax-free lump sum
- Starting to draw retirement income
⚠️ It’s important to note that early access can reduce your overall retirement fund and should be carefully considered.
⚠️ The Risk of Getting It Wrong
Decisions made at redundancy can have a lasting impact on your financial future.
Making the wrong choice could:
- Reduce your retirement income over time
- Result in avoidable tax liabilities
- Limit your future investment flexibility
For this reason, reviewing your pension options carefully is essential when facing redundancy in Ireland.
Turning Redundancy Into an Opportunity
While redundancy can be challenging, it can also provide an opportunity to strengthen your pension position.
You may be able to:
- Allocate part of your redundancy lump sum into a pension
- Maximise tax efficiencies using options like the Standard Capital Superannuation Benefit (SCSB)
- Structure payments in a more tax-efficient way
With the right strategy, redundancy can become a valuable moment to reset and improve your long-term financial plan.
How MyPension Can Support You
Getting expert advice can help you make confident, informed decisions.
At MyPension, advisors can help you:
- Make the most of your redundancy lump sum
- Identify and maximise tax relief opportunities
- Safeguard and grow your pension benefits
- Build a structured, tax-efficient retirement plan
Speak with one of our advisors today to discuss your options in redundancy.
Useful Links / Documents
Pension Calculator
Find out your likely retirement income.
Find your old Workplace Pensions
Sign-up and find all of your pensions.
Common Questions about Viatris Redundancies in Ireland (FAQ)
How many jobs are affected by Viatris redundancies in Ireland?
Up to 340 roles are at risk at the Damastown facility in Dublin.
When will the Viatris plant close?
The site is expected to be wound down gradually, with full closure planned by 2028.
Why is Viatris cutting jobs in Ireland?
The redundancies are part of a global restructuring programme focused on efficiency and cost reduction.
Can part-time employees qualify for redundancy?
Yes. Part-time workers can qualify if they meet the same service and PRSI requirements as full-time employees.
What if I am offered another job within the company?
If the alternative role is considered reasonable and suitable, refusing it may affect your entitlement to redundancy.
Do I qualify for redundancy if I resign?
No. Statutory redundancy only applies if your job is eliminated — not if you voluntarily leave your role.
What happens to my pension if I am made redundant in Ireland?
Your pension remains yours, but you must decide whether to leave it in your existing scheme, transfer it, or access it (if eligible).
Can I move my pension after redundancy?
Yes. Many people transfer their pension to a Personal Retirement Bond or consolidate multiple pensions.
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