The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21.10 - Manufacture of basic pharmaceutical products
207 jobs Number of planned job losses
Announcement Date
20 July 2020
Employment effect (start)
27 July 2020
Foreseen end date
31 December 2020
Description
The Commercial Court of Paris has given the go-ahead for the takeover of the Famar Lyon site by Benta Pharma Industries. The buyer announces the safeguarding of 115 employees out of 240 (at the time it was put up for sale, the site employed 322 people).
There should be prospects for new hires in th future; by 2026, the group plans to employ a total of 270 people on the site, where medicines such as Nivaquine (chloroquine sulphate) are produced. The investment amounts to €42 million over six years. 'It's always better than liquidation', says Famar Lyon's CGT representative. Still, there will be more redundancies than employees maintained. Keeping a pharmaceutical activity in Saint-Genis-Laval was our battle horse'. In particular, the site is specialised in the manufacture of medicines for bipolar people.
Eurofound (2020), Famar, Merger/Acquisition in France, factsheet number 101300, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101300.
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