Pharma professionals more likely to see River Liffey than the Alps in next role
Research by the pharmaceutical and medical devices recruitment specialists found that many firms have already chosen to relocate from the country because of the escalating cost of operating in Switzerland. The country has long been considered a global hub for the pharmaceutical industry, but this is likely to change as more firms choose to move to more financially friendly locations.
Abid Kanji, Associate Director for Nonstop Recruitment is based in their Swiss offices located in Zug. He commented that “The recent developments in the Swiss economy have already had a knock-on effect and prompted many firms to relocate or consider relocating to pastures new. Ireland is one particularly dominant location because of the tax breaks and incentives that are offered to businesses however we’ve also seen some organisations looking at areas of Eastern Europe or the Czech Republic where many already have manufacturing sites in place.”
“Many pharmaceutical professionals with serious aspirations would previously been based out of Switzerland for at least some part of their career, but it could be that this long-term trend is coming to a halt.”