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.
Europe's biggest pharmaceutical company GlaxoSmithKline announced on 1 July 2005 the expansion of its operations in Dresden. On 19 October 2006 it confirmed that the production of influenza-vaccines is to double in 2008, when a new complex of Glaxo's factory will become operational. This will lead to the creation of 170 jobs. In addition to the built-up of more production capacity, a new vaccine will also be developed in Dresden.
Eurofound (2005), GlaxoSmithKline, Business expansion in Germany, factsheet number 61883, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61883.