Workers are due to ballot on proposals.
Employees at Clonmel based Suir Pharma have been recommended to take Pay Cuts and other cost saving measures by The Labour Court to ensure the future of the company.
Suir Pharma currently employs around 175 people, and those employees have claimed not to have received a pay increase since 2008.
The company which is located on the Waterford Road has projected losses amounting to over €1.8 million this year alone. The cuts and cost saving measures have been recommended to ensure the company survives for the next few years.
It is claimed that in reports today, Labour Court has suggested a reduction of annual leave by one day, an increase in the working week by one unpaid hour to 40 hours per week. The court has also added that no employee is to receive bonuses for 2014 or 2015.
All agreements and conditions of employment should be restored automatically and unconditionally with effect from January 1, 2016.
Unions are set to ballot on the recommendations from which a result could be available by Friday week.