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.
Pharmaceutical multinational Schering-Plough has announced 160 redundancies at its west Cork plant as a result of a cost-cutting programme. Schering-Plough, which is now part of the Merck multinational, currently employs 519 staff at the site. The redundancies are due to occur on a voluntary phased basis over the next three years. Management said it hoped the cost-cutting plan would secure the plant's future.
Eurofound (2010), Schering-Plough, Internal restructuring in Ireland, factsheet number 70957, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70957.