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.
US pharmaceutical group Bristol-Myers Squibb has announced that the group will make 110 workers redundant with the closure of its plant in Epernon on 31 December 2009. Some other 30 workers will be transferred to the production plant in Agen (Lot-et-Garonne) and the remainder will be offered jobs at the company's headquarters in Rueil-Malmaison (Hauts-de-Seine).
The US group, which faces overcapacity in the production of ordinary drugs, has been trying to sell the plant for one year but did not manage to find a buyer. Bristol-Myers Squibb is also trying to sell the site of Meymac in central France.
Eurofound (2009), Bristol-Myers Squibb, Closure in France, factsheet number 69577, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69577.