Type
Merger/Acquisition
Country
Czechia
Region
Jihovychod; Jihomoravsky;
Location of affected unit(s)
Brno
Sector
Manufacturing
Manufacture Of Chemicals And Pharamceuticals
Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations
21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations

100 jobs
Number of planned job losses
Job loss
Announcement Date
17 February 2009
Employment effect (start)
Foreseen end date
31 December 2009

Description

Pliva-Lachema, one of the leading Czech pharmaceutical producers, has announced that it plans to cut 100 jobs out of 650 by the end of 2009. The workforce reduction is due to a recent acquisition of the mother American Group Barr Pharmaceuticals by Israeli company Teva Pharmaceutical occurred in December 2008. The company said it would close its production of solid pharmaceutical forms and restrict research activities.


Sources

  • 17 February 2009: Hospod├írske noviny

Citation

Eurofound (2009), Pliva Lachema, Merger/Acquisition in Czechia, factsheet number 68206, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68206.