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.
Leo Pharma, a Danish company in medical dermatology, has announced a new operating model and it will cut 1,000 positions worldwide over the next two years. The plan aims at optimising the commercial part of the business and the R&D organisation as well as to increase its international competitiveness. Sixty-eight employees have already been dismissed. The company does not want to reveal where all the dismissals will take place, but has promised to support its ex-employees.
LEO Pharma was founded in 1908 and is headquartered in Ballerup, Denmark. Globally, it employs 6,000 people. In 2020, the company had a turnover of DKK 10 billion.
Eurofound (2022), Leo Pharma, Internal restructuring in World, factsheet number 106266, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106266.