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
600 jobs Number of planned job losses
Announcement Date
10 February 2009
Employment effect (start)
Foreseen end date
31 August 2010
Description
On 10 Febuary 2009, German Ratiopharm Group, one of the worldwide leading generic drugs producers, announced it would cut 200 jobs in Germany and 400 jobs in other countries. There is no information which sites will be affected. The group employs a global workforce of 5,417 and has subsidiaries in most European countries as well as in Canada, China and Russia. The job cuts are part of a cost saving programme implemented to save E100 million by 2010.
Most jobs will be axed in administration, but research and development jobs will also be affected. Direct dismissals are to be expected, management says. Management and works council will negotiate a social plan. Ratiopharm is an affiliate of Merckle Group, which has been facing severe financial problems, and is to be sold to an as yet unknown investor.
Sources
11 February 2009: Financial Times Deutschland
11 February 2009: Handelsblatt
Citation
Eurofound (2009), Ratiopharm Group, Internal restructuring in World, factsheet number 68135, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68135.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
