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.
Professional Services Scientific, Architectural And Engineering Technical Activities Scientific Research And Development 72 - Scientific research and development
450 jobs Number of planned job creations
Announcement Date
5 July 2007
Employment effect (start)
1 September 2007
Foreseen end date
31 December 2009
Description
On 5 July 2007 the Japanese group Olympus announced its plans to establish a new R&D centre in Munich which will specialise in medical technologies. With this decision Olympus is aiming to concentrate in
Munich a variety of activities that are currently scattered over Germany and Europe. Therefore, 250 already existing jobs will be transferred from other European and German Olympus sites to the new centre in Munich. Another 200 new jobs are expected to be created by the end of 2009. The investment in the R&D centre is expected to reach approximately 15 million Euros.
Sources
5 July 2007: Financial Times Deutschland
Citation
Eurofound (2007), Olympus, Business expansion in Germany, factsheet number 65576, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65576.
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