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.
On 14 January 2011, the biopharmaceutical company Innogenetics, located in Gent, announced the loss of 80 jobs, one- third of the current workforce. The dismissals procedure has already been launched. The job losses are announced six month after the buyout of the company by the Japanese group Fujirebio. The job reductions are blamed on the need to move away from research and development toward sales and distribution.
Eurofound (2011), Innogenetics, Internal restructuring in Belgium, factsheet number 71465, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71465.