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
504 jobs Number of planned job losses
Announcement Date
25 October 2006
Employment effect (start)
1 December 2006
Foreseen end date
31 December 2007
Description
The Sanofi-Aventis Group, the worlds 3rd largest pharmaceutical company, announced on 25 October 2006 its decision to cut 504 jobs between December 2006 and December 2007 in France. In a press release the group indicated that the members of the work's council had been informed that 399 salesperson jobs and 105 office jobs would be cut. The reasons given point at the need to redimension the activities of the company in France following a significant reduction in business activity after a hardening of health regulations in the country. Sanofi-Aventis employs 28,000 people in France.
Sources
26 October 2006: Le Monde
25 October 2006: Reuters
26 October 2006: La Tribune
Citation
Eurofound (2006), Sanofi-Aventis France, Internal restructuring in France, factsheet number 64297, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64297.
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