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.
Baxter Healthcare, which is located in Ireland's Mayo county, is looking for 200 redundancies over the next 12 months: comprised of up to 150 voluntary redundancies and the cutting of about 50 temporary contracts. It currently employs 1,100 staff.
In a statement, Baxter, a subsidiary of Baxter International, said the job cuts were driven by the global economic downturn, the subsequent impact of European healthcare cost-savings measures and the "ongoing need to improve our cost competitiveness". Baxter manufactures products to treat conditions such as haemophilia, kidney disease and immune disorders.
Eurofound (2010), Baxter Healthcare, Internal restructuring in Ireland, factsheet number 71120, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71120.