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 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
190 jobs Number of planned job creations
Announcement Date
3 November 2017
Employment effect (start)
7 November 2017
Foreseen end date
Description
The Swiss-based pharmaceutical enterprise Novartis will invest €100 million in a new production site in Tyrol, Austria, creating 190 new jobs. According to the company, a high global demand for pharmaceutical products requires the expansion of the Schaftenau site in Tyrol, which will include a cell culture production site as well as office buildings. The Schaftenau site produces bio-pharmaceuticals (biologicals) for Novartis and biosimilars for Novartis subsidiary Sandoz for the global market. Biologicals are considered the future in medical treatment.
As of 2017, Novartis employs 5,100 people in Austria.
Sources
3 November 2017: Die Presse
3 November 2017: Der Standard
3 November 2017: ORF Tirol online
Citation
Eurofound (2017), Novartis, Business expansion in Austria, factsheet number 92443, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92443.
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