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
103 jobs Number of planned job losses
Announcement Date
9 February 2005
Employment effect (start)
Foreseen end date
Description
Isochem announced on 4 February 2005 a 103 job cuts in its Toulouse manufacture. The company is the pharmaceutical subsidiary of SNPE, a chemical group. The direction decided to close one pharmaceutical unit and one of its health products units which means about 50 % of its personnel. In 2003, Isochem had already suppressed two third of its activity. Unions fear the manufactures closure given that this is the third restructuring since 2002.
Sources
4 February 2005: Les Echos
Citation
Eurofound (2005), Isochem, Closure in France, factsheet number 61333, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61333.
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