Type
Internal restructuring
Country
Hungary
Region
Kozep-Magyarorszag; Kozep-Magyarorszag; Pest
Location of affected unit(s)
Újpesten, Nagytétényben, Veresegyházon és Csanyikvölgyben
Sector
Manufacturing
Manufacture Of Chemicals And Pharamceuticals
Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations
21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations

140 - 160 jobs
Number of planned job losses
Job loss
Announcement Date
2 November 2011
Employment effect (start)
Foreseen end date
31 July 2012

Description

French multinational pharmaceutical company Sanofi will lay off between 140 and 160 people at its research and development base in Hungary. This restructuring is part of the consolidation of its R&D centers around the world.

Iván Rózsa, communications director for Sanofi's Hungarian unit, announced that about half of the 300 people employed in R&D in Hungary will be affected by the restructuring, but precise figure for layoffs will be given out after consulting with Works Council and Trade Union of the company.

Sanofi employs around 2,500 people in Hungary.


Sources

  • 3 November 2011: Index
  • 3 November 2011: Szakszervezetek.hu
  • 4 November 2011: Budapest Business Journal

Citation

Eurofound (2011), Sanofi, Internal restructuring in Hungary, factsheet number 72706, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72706.