Gilead Sciences to establish European Financial Shared Services Centre in Cork with the creation of over 30 jobs

The decision to choose to locate our European Financial Shared Services Centre in Cork was based on our track record of success here, the experience in the region, the availability of skills and the presence of several global international companies operating International Shared Services Centres here.

Julie O’Neill, Gilead Sciences General Manager in Ireland

Tánaiste and Minister for Enterprise, Trade and Employment Mary Coughlan TD today (7th July 2009) announced that Gilead Sciences is to establish a European Financial Shared Services Centre (EFSSC) in Cork with the creation of over 30 new jobs. IDA Ireland worked closely with Gilead Sciences in attracting this investment to Ireland and in assisting the company to select a suitable location for the centre.

Welcoming the announcement the Tánaiste said “Gilead Sciences is one of the leading biotechnology companies in the world and its decision to establish a European Financial Shared Services Centre in Cork is welcome news for the whole South West region.  Gilead established its operation in Cork in 2007 following the acquisition of the Nycomed Limited manufacturing facility.  This and other new capital investments in the Cork operations have strengthened the role of the Irish operations to the parent company.   Ireland is operating in a highly competitive global environment for leading biopharmaceutical investments of this kind and today’s announcement is an endorsement of Ireland’s ability to provide the necessary skills and pro-business policies to assist leading companies to broaden the range of services in support of their European and EMEA business models”. 

Gilead Sciences’ new European Financial Shared Services Centre will process financial activities for the company's European operations in areas such as Purchase to Pay, Intercompany, General Ledger, Fixed Assets, and Order to Cash activities. Gilead currently employs 125 people at its operation in Carrigtwohill, Co Cork, and this further investment will see the employment figure rise to 155 people.

Commenting on the announcement Julie O’Neill, Gilead Sciences General Manager in Ireland, said “The decision to choose to locate our European Financial Shared Services Centre in Cork was based on our track record of success here, the experience in the region, the availability of skills and the presence of several global international companies operating International Shared Services Centres here”. 

The European Financial Shared Services Centre (EFSSC) in Cork will service Gilead’s existing markets in the UK, Ireland, France, Germany, Austria, Switzerland, Spain, Portugal, Italy, Greece, Turkey, Benelux and The Nordics.

Since 1987, Gilead Sciences has worked to discover, develop and commercialize medications to advance the care of patients suffering from life-threatening diseases in areas of unmet medical need.

Headquartered in Foster City, California, the company has expanded rapidly over the past two decades, with annual revenues now exceeding $5 billion, operations spanning four continents and a staff of approximately 4,000 employees.

Gilead’s primary areas of focus include HIV/AIDS, liver disease and serious cardiovascular and respiratory conditions.

About Gilead Sciences:

Gilead Sciences of California, USA, is a biopharmaceutical company that discovers, develops and commercialises innovative therapeutics for infectious diseases and areas of unmet medical need, such as the potential treatment of HIV, hepatitis B and C and pulmonary arterial hypertension. Among the key activities of the company in Ireland are the manufacture, packaging and distribution of Gilead's products and the supply of anti-HIV medications to developing countries as part of the Gilead Access Programme, which provides the medications to developing countries at significantly reduced prices. 

Gilead has operations in North America, Europe and Australia.

Contacts

Gilead Sciences
James Read
Director of Public Affairs in Europe 
Tel: (+44 208 587 2323)

IDA Ireland
Gillian Lawless
Press/PR
IDA Ireland

Tel: 01-6034190