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.
Pharmaceutical company Teva has announced plans to cut 258 jobs in France. Teva explained it will try to find a buyer to take over the production unit with 90 employees, to mitigate the social impact of the decision.
Teva will also try to provide up to 75 new positions within the company, which could eventually decrease the total number of the employees reduced.
The dismissals are to be completed by the end of 2012.
Eurofound (2012), Teva, Internal restructuring in France, factsheet number 73729, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73729.