Restructuring events
European Restructuring Monitor (ERM)
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.
The management of the pharmaceutical laboratory Servier has announced 287 job cuts in its Research and Development (R&D) by 2021, which is slightly less than 20% of its R&D workforce in France. The departures will be voluntary, through a 'rupture conventionnelle collective', which leaves a small margin of uncertainty on the number of departures. The company confirmed the reorganisation but not the numbers involved and that negotiations will start in November.
According to the union, the departures would concern the entities of Biologie Servier at the Gidy (Loiret) site of Technologie Servier at Orléans (Loiret) and the Servier Research Institute at Croissy (Yvelines) and Suresnes (Haut-de-Seine) plants, as well as the Servier International Research Institute, also based in Suresnes. The company is aligning with the strategy of many pharmaceutical actors who increasingly outsource parts of their research.
The group has indicated that it wishes to regroup its activities at its future site in Saclay (Essonnes) as it is turning towards oncology, neurology and immuno-inflammation. It will undoubtedly create jobs in these fields and will cease its research activities in cardiology and metabolic diseases.
The group employs 4,800 people in France. A former reorganisation was recorded in 2015, with 610 job cuts at Gidy.
Eurofound (2020), Les Laboratoires Servier, Internal restructuring in France, factsheet number 101949, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101949.