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.
On 22 December 2010, the pharma company Hexal-Sandoz announced to cut 250 jobs, i.e. 6% of the 4,300 jobs in Germany. The business daily FTD reported that Hexal is to take over sales and distribution functions from Sandoz. These plans are to be completed by the end of March 2011.
Eurofound (2010), Hexal-Sandoz, Internal restructuring in Germany, factsheet number 71362, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71362.