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.
Sartorius, a pharmaceutical and laboratory equipment supplier headquartered in Goettingen (Germany), has informed that 259 jobs have been cut at its Goettingen site. On the occasion of the presentation of its half-year figures on July 21th 2023 Sartorius announced that 259 of the 4,424 employees in Goettingen have been laid off since the beginning of the year. Worldwide, 900 of the previous 16,000 jobs have been affected by job cuts since the beginning of the year. Sartorius had significantly increased its workforce during the Corona pandemic due to the sharp rise in demand, and now has to reduce its workforce due to the decline in demand. Sartorius employs more than 15,000 people at over 60 locations worldwide and generated annual sales revenue of €4.71 billion in 2022.
Eurofound (2023), Sartorius, Internal restructuring in Germany, factsheet number 109333, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/109333.