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 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
1,150 jobs Number of planned job losses
Announcement Date
8 October 2003
Employment effect (start)
1 October 2003
Foreseen end date
1 December 2004
Description
In the framework of the worldwide restructuring process of Pharmacia, the company is going to close down its commercial location in Milano, which will involve some 350 dismissals and the transfer of all commercial activities to Rome, and sell its R&D centre in Nerviano (MI), a world's leading research site for oncological treatments, which employs some 800 people.
Sources
9 October 2003: Il Sole 24 Ore
15 October 2003: Il manifesto
Citation
Eurofound (2003), Pharmacia, Internal restructuring in Italy, factsheet number 59212, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59212.
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