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.
On 21 March 2017, German pharma company Mundipharma announced to cut over 400 jobs in Germany by the end of 2018. The company will close its headquarter in Limburg. Background to the job cuts, is the low utilisation of production capacities in Limburg. The company’s management decided to bundle its marketing and sales activities in Cambridge, UK. Manufacturing and packaging of drugs will be outsourced to contracted companies.
The company currently employs 770 staff in Germany.
Eurofound (2017), Mundipharma, Closure in Germany, factsheet number 90571, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90571.