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 21.2 - Manufacture of pharmaceutical preparations
1,200 jobs Number of planned job losses
Announcement Date
18 January 2012
Employment effect (start)
18 January 2012
Foreseen end date
31 December 2014
Description
As announced on 18 January 2012, pharmaceutical company Nycomed will cut 1,200 out of 2,500 jobs in Germany, 700 of them at its research site in Konstanz. The sale sites in Aachen and Konstanz will be closed and relocated to Berlin. Additionally, 400 sales representatives will lose their jobs.
Nycomed was acquired by Takeda, a Japanese global pharmaceutical company, in September 2011. The announced job cuts are part of the ‘integration' of Nycomed. In addition to the acquisition, reasons for the announced redundancies are changes in the German pharmaceutical market and expiring of patents.
The new restructuring programme is expected to save some 2 billion euro by 2015.
Sources
19 January 2012: Handelsblatt
19 January 2012: Financial Times Deutschland
18 January 2012: Nycomed
Citation
Eurofound (2012), Nycomed, Merger/Acquisition in Germany, factsheet number 72999, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72999.
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