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.
Danish biotech company Genmab, based in Copenhagen, announced 14 November 2009 300 dismissals worldwide, mostly in research and manufacturing of which 120 out of 200 at the headquarters in Copenhagen. The move is part of a broader restructuring effort to cut €130 million in annual costs, as the company shifts more development work to outside contractors.
Eurofound (2009), Genmab, Internal restructuring in Denmark, factsheet number 70258, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70258.