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.
Ivax Pharmaceuticals (formely known as Galena), a subsidiary of the multinational pharmaceutical company Teva Pharmaceutical Industries, announced on 11 March 2008 that is to create approximately 400 new jobs in Opava with the expansion of its exisiting site. The firm currently employs over 1,100 people at its Opava plant, and the expansion will involve the construction of a new production facility at its site and an investment of USD 100 billion. The new facility will produce tablets and gelatine capsules. As of March 2008, there is no information on when employment at the new site will commence and when the new jobs will be created by. This is an update of media news released on 18 October 2007.
Eurofound (2007), Ivax Pharmaceuticals, Business expansion in Czechia, factsheet number 65915, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65915.