Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Chemicals And Pharamceuticals
Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations
21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations

3,500 - 4,000 jobs
Number of planned job losses
Job loss
Announcement Date
23 April 2004
Employment effect (start)
Foreseen end date

Description

Baxter, pharmaceutical company, has announced a plan to reduce its workforce wordlwide by up to 8%. This would involve the redundancy of 3,500 to 4,000 employees. Half of these cuts will take place in the US. Last July, 3,000 jobs had already been cut.


Sources

  • 23 April 2004: Les Echos

Citation

Eurofound (2004), Baxter, Internal restructuring in World, factsheet number 60305, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60305.