Type
Internal restructuring
Country
Denmark
Region
København og Frederiksberg kommuner;
Location of affected unit(s)
Copenhagen
Sector
Professional Services
Scientific, Architectural And Engineering Technical Activities
Scientific Research And Development
72 - Scientific research and development

120 jobs
Number of planned job losses
Job loss
Announcement Date
14 November 2009
Employment effect (start)
1 December 2009
Foreseen end date
31 March 2010

Description

Danish biotech company Genmab, based in Copenhagen, announced 14 November 2009 300 dismissals worldwide, mostly in research and manufacturing of which 120 out of 200 at the headquarters in Copenhagen. The move is part of a broader restructuring effort to cut €130 million in annual costs, as the company shifts more development work to outside contractors.


Sources

Citation

Eurofound (2009), Genmab, Internal restructuring in Denmark, factsheet number 70258, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70258.