Restructuring events
European Restructuring Monitor (ERM)
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.
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.
Eurofound (2007), Bayer & Shering, Merger/Acquisition in France, factsheet number 65045, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65045.