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.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale Of Household Goods 46.46 - Wholesale of pharmaceutical goods
200 jobs Number of planned job losses
Announcement Date
9 January 2012
Employment effect (start)
Foreseen end date
31 January 2012
Description
On 09 January 2012, pharmaceutical wholesaler Phoenix announced plans to withdraw its business from Poland by the end of January 2012. All 200 employees will lose their jobs. The decision to withdraw from the Polish market was made due to dropping market shares and an upcoming health policy reform, according to media reports.
The Phoenix Group is the second largest pharmaceutical wholesaler in Europe. The group has 146 distribution centres and operates in 23 European countries.
Sources
10 January 2012: Mannheimer Morgen
9 January 2012: Apotheke adhoc
Citation
Eurofound (2012), Phoenix Poland, Closure in Poland, factsheet number 73291, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73291.
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