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
200 jobs Number of planned job losses
Announcement Date
10 June 2004
Employment effect (start)
Foreseen end date
31 December 2004
Description
The planned incorporation of Polfa Tarchomin, a pharmaceuticals manufacturer, within the Polski Holding Farmaceutyczny group will result in a restructuring plan devised to reduce the company's costs. To this end, Polfa Tarchomin has been selling off some of its assets. Another component of the restructuring plan involves the reducing of the company’s workforce, from 2,100 to 1,900 (i.e. 200 redundancies) by the end of 2004.
Sources
11 June 2004: Rzeczpospolita
Citation
Eurofound (2004), Polfa Tarchomin, Internal restructuring in Poland, factsheet number 60402, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60402.
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