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.
In the frame of the company strategy of reducing production of pharmaceutical chemicals for third parties, Schering AG plans to cut its contract manufacturing activities at its Bergkamen site with the loss of about 700 jobs. 250 jobs will also be shed at the headquarters in Berlin. About 300 jobs will be cut at sites outside of Germany. In June 2004, Schering announced a headcount reduction of approximately 2,000 jobs globally. By 30 September 2004, more than 600 jobs were cut and about 1,800 of the 2,000 jobs will be cut by the end of 2005. These measures are part of Schering's FOCUS initiative, a comprehensive review of strategic, operational and organizational aspects.
Eurofound (2004), Schering, Internal restructuring in Germany, factsheet number 60814, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60814.