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.
Kite, a subsidiary of American pharma company Gilead, has opened a 19,000 square meter factory in Hoofddorp. The new factory will produce a medicine to fight lymph node cancer and will significantly reduce the delivery time of this medicine for European cancer patients, who previously had to depend on shipment of the medicine from Los Angeles. The new factory will employ 400 persons upon opening, while expansion to 530 employees is expected in the near future. Kite is an American pharma company and was taken over by Gilead in 2017.
Eurofound (2020), Kite, Business expansion in Netherlands, factsheet number 101123, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101123.