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
232 jobs Number of planned job losses
Announcement Date
23 November 2020
Employment effect (start)
15 January 2021
Foreseen end date
Description
The pharmaceutical group MSD has announced that it has signed a sale agreement for its Mirabel site in Riom near Clermont-Ferrand. The agreement provides for the transfer of 352 employees to the Faréva group and the dismissal of the remaining 232 employees at the site. The Faréva Group intends to make additional investments of €100 million once the acquisition has been finalised. To reach €100 million, the group will have to create 4 production lines, which could represent 80 to 120 new jobs over the next 5 years.
Eurofound (2020), Fareva, Merger/Acquisition in France, factsheet number 102697, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102697.
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