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
100 jobs Number of planned job losses
Announcement Date
20 January 2010
Employment effect (start)
Foreseen end date
Description
Pharmaceuticals firm ConvaTec announced plans to cut 100 jobs at Deeside. The announcement came after a review of manufacturing across its 14 factories worldwide.The company has been involved in consultations with employees and expects that most, if not all, of the redundancies will be achieved through voluntary means. 18 months ago the firm was bought by New York-based private equity firm Avista and the Stockholm-based Nordic Capital Fund.
Sources
20 January 2010: BBC News
Citation
Eurofound (2010), ConvaTec, Internal restructuring in United Kingdom, factsheet number 70087, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70087.
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