The Dublin-based Pharmacy Technology Services (PTS) company has announced plans to close two of its five Irish locations, saying that it is not profitable and is laying off staff.

In a statement on its website, the company said it had decided to cut its Dublin operations from July 2019.

The company’s statement also said it is layingoff staff and closing its Dublin and Cork stores.

The statement said that “the future is uncertain”, adding that the company is in talks with its investors to make its future more stable.

“The future of the company depends on the health of the market, and the future of pharmacy technology in Ireland,” the statement said.

The announcement follows the news that the European Medicines Agency (EMA) said it was considering restricting the sale of a number of drugs to the company, which has been accused of making unsafe drugs.

It has also been criticised for charging too much for drugs, which some critics say are not sold at fair prices.

The EMA said it did not have the power to make such decisions because the company had not been licensed to sell drugs.