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.
On 26 April 2007, the British pharmaceutical producer AstraZeneca announced its plans to cut 1,000 jobs in Germany. The company is closing its production site in Plankstadt, where 400 people are currently employed. Another 500 to 550 jobs will be lost within its sales representatives’ department while approximately 50 jobs will be cut within its administrative units. The job cuts in Germany are a result of the worldwide restructuring programme that was announced by AstraZeneca in February 2007. AstraZeneca currently employs a workforce of 2,300 people in Germany.
Eurofound (2007), Astra Zeneca, Internal restructuring in Germany, factsheet number 65282, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65282.