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
136 - 177 jobs Number of planned job losses
Announcement Date
2 March 2007
Employment effect (start)
Foreseen end date
31 December 2007
Description
Bayer, the pharmaceutical manufacturer, announced on 2 March 2007 a world reorganisation plan following its merger with the Schering group. On 3 March 2007 Bayer & Shering France announced that before the end of 2007 the company would cut 136 to 177 jobs in France, nearly 20% of its workforce in the country.
Sources
4 March 2007: Le Monde
5 March 2007: La Tribune
5 March 2007: Les Echos
Citation
Eurofound (2007), Bayer & Shering, Merger/Acquisition in France, factsheet number 65045, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65045.
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