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
151 jobs Number of planned job losses
Announcement Date
15 May 2011
Employment effect (start)
1 September 2011
Foreseen end date
Description
Warner Chilcott, a worldwide pharmaceutical company, is to close its Italian subsidiary (ex Procter Pharma), with the consequent loss of 151 jobs. In October 2009 Warner Chilcott acquired Procter Pharma, a pharmaceutical unit belonging to the Procter & Gamble group. According to the company, the closure is mainly due to the patent expiry of the main pharmaceutical product dealt by Procter Pharma.
The trade unions reacted to the company's decision organising some protest actions and requiring other solutions in order to avoid the closure of the subsidiary.
Sources
17 May 2011: Il corriere della sera
Citation
Eurofound (2011), Warner Chilcott, Closure in Italy, factsheet number 71994, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71994.
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