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 29 August 2008, the German subsidiary of UCB, a large Belgian manufacturer of pharmaceutical products, announced the reduction of its staff in Monheim by 570 persons. Around 200 jobs are to be cut in research and development, 230 in sales and 140 in internal services. The restructuring programme is being launched to overcome the adverse impact of price competition resulting from the imitation of UCB's drugs. Currently, 1,650 persons are employed by UCB at its German site in Monheim, North Rhine-Westphalia.
Eurofound (2008), UCB, Internal restructuring in Germany, factsheet number 67014, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67014.