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 French biopharmaceutical company Valneva announced plans to reduce its global workforce by up to 15%, which equates to between 67 and 101 job losses worldwide.
These cuts are intended to reduce operating costs in the face of a downturn in demand for travel vaccines and geopolitical pressures that have eroded sales. The plan also seeks to streamline Valneva’s global operations by consolidating R&D work in Vienna and centralising other functions. Job losses will be distributed across all operating regions. The French site in Lyon will absorb the impact of the closure in Nantes, while Vienna will host the remaining R&D workforce.
Valneva employs a total of 674 people worldwide.
Eurofound (2026), Valneva, Internal restructuring in World, factsheet number 300587, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300587.