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
111 jobs Number of planned job losses
Announcement Date
23 September 2003
Employment effect (start)
1 October 2003
Foreseen end date
1 December 2004
Description
Schering has started cooperation talks with the personnel in order to cut 130 jobs. The reason for the cuts is said to be restructuring of the company in connection to the new strategy.
25 November 2003
As a result of the end of cooperation talks with the personnel Schering will make 111 employees redundant.
Sources
23 September 2003: Hufvudstadsbladet
25 November 2003: Helsingin Sanomat
Citation
Eurofound (2003), Schering, Internal restructuring in Finland, factsheet number 60176, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60176.
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