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
New offshoring locations
Switzerland
300 jobs Number of planned job losses
Announcement Date
5 April 2005
Employment effect (start)
1 June 2005
Foreseen end date
1 December 2008
Description
The pharmaceutical company, Ferring, announced on 5 April 2005 that the 50 year-old factory in Vanløse (Copenhagen) will be phased out by the end of 2008. 213 employees will be made redundant. Furthermore, the company plans to cut around 100 jobs in the new building in the so-called Medicon Valley (Ørestad) close to the airport. The production in Vanløse will be moved to Switzerland, where the headquarters are based, and to the Czech Republic. The company will try to replace the 100 employees in Ørestad with more researchers.
Sources
7 April 2005: Politiken
Citation
Eurofound (2005), Ferring A/S, Offshoring/Delocalisation in Denmark, factsheet number 61507, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61507.
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