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 21.20 - Manufacture of pharmaceutical preparations
370 jobs Number of planned job losses
Announcement Date
18 September 2018
Employment effect (start)
1 October 2018
Foreseen end date
Description
In September 2018, the Danish multi-national pharmaceutical company announced that 370 employees in Denmark will be made redundant as part of a comprehensive restructuring. Additionally, 30 employees in China within reseach and development will be laid off. Novo Nordisk wants to focus on developing pharmaceuticals for a wider spectrum of chronical diseases. The round of lay-offs aims to free up resources to strengthen other areas.
There is no information about the time schedule of the lay-offs. Earlier restructuring in Bagsværd took place in 2016, when Novo Nordisk made 500 employees redundant.
In Denmark, Novo Nordisk employs about 17,300 people. World wide, the company holds 42,000 full-time equivalent positions in 75 countries.
Sources
Citation
Eurofound (2018), Novo Nordisk, Internal restructuring in Denmark, factsheet number 95567, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95567.
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