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.
Pharmaceuticals multinational, Schering Plough, has announced 240 redundancies and the closure of its veterinary products plant in Bray, County Wicklow. The plant is to close down by the middle of 2011. The company has stated that no redundancies will be implemented over the next 12 months, adding that the decision to close the plant had been taken to optimise efficiencies as a direct result of global over-capacity.
Eurofound (2009), Schering-Plough, Closure in Ireland, factsheet number 68655, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68655.