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.
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
927 jobs Number of planned job losses
Announcement Date
2 October 2008
Employment effect (start)
1 January 2009
Foreseen end date
31 January 2009
Description
French pharmaceuticals giant Sanofi-Aventis has announced plans to reduce its French workforce by 927, including 100 jobs at its French subsidiary and 817 sales rep positions. This project is the second plan in 2008.
At an extraordinary works council meeting yesterday, French pharmaceuticals group Sanofi-Aventis announced plans to axe the jobs of 817 medical visitors in France and 110 employees based at the headquarters of its French unit. The management attributed the decision to a variety of factors, including growing competition from generic drug makers and stiffer advertising regulations. Managers at the group say the change has been made necessary by the increasing use of generic medicines, difficulty in accessing the market and declining medicine prices. They say there is no visibility for the sales representative profession, which is ‘under threat’.
Eurofound (2008), Sanofi-Aventis France, Internal restructuring in France, factsheet number 67223, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67223.
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