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.
Pharmaceuticals company Pfizer has announced plans to close two of its sites in the south of England, in a move which will affect 370 jobs. Under the plans the site at Royal Park, North London will close by August 2017 with the loss of 100 jobs. The site in Havant, Hampshire which is the company's packaging and distribution arm, is due for closure in 2020. Pfizer is proposing that work which is currently carried out at Havant will be transferred to its site in Puurs, Belgium. A spokesperson has commented that the plans are still subject to statutory consultation and that the plans have not been influenced by the recent EU referendum vote.
Eurofound (2016), Pfizer, Offshoring/Delocalisation in United Kingdom, factsheet number 89103, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89103.