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.
Novartis France, a subsidiary of the swiss pharmaceuticals group, has announced that it is to cut up to 100 jobs at different sites in France within the next two years. This restructuring is part of a larger plan which takes place at the international level aiming at cutting around 2,500 jobs. In doing so, the group hopes to save USD 1.6 billion by 2010. See related world factsheet.
Eurofound (2008), Novartis, Internal restructuring in France, factsheet number 66298, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66298.