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.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale Of Household Goods 46.46 - Wholesale of pharmaceutical goods
New offshoring locations
Hungary
500 - 700 jobs Number of planned job losses
Announcement Date
30 October 2006
Employment effect (start)
Foreseen end date
1 January 2012
Description
The medico-technical multinational company, Coloplast A/S, based in Denmark announced on 30 October 2006 that they plan to reduce the workforce in Denmark by half, i.e. 700 employees, during the next five years. Coloplast is specialised in providing innovative nursing products in ostomy care, continence care, skin care and wound care. The reason given for the job cuts is that, in the long term, the company wants to close down three factories in Denmark and move the production to Hungary, where the number of employees will increase. The delocalisation of production, which the employees' representatives have accepted, will not cause direct dismissals.
UPDATE August 2010: Planned job reductions amended to 500 to reflect subsequent developments, see fact sheet 14650.
Sources
30 October 2006: Berlingske Tidende
Citation
Eurofound (2006), Coloplast A/S, Offshoring/Delocalisation in Denmark, factsheet number 64346, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64346.
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