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.
Takeda, the French subsidiary of the Japanese pharmaceutical group, announced its plan to cut 195 out of its 443 jobs. More precisely, the company will lay off 140 employees (115 sales representatives and 25 from the head office) and not fill 55 vacant positions. The workforce reduction is mainly due to a reduction in sales of 30% within the last four years as well as the loss of some important patent protections.
Takeda is a research-based global pharmaceutical company and the largest one in Japan and employs around 20,000 people worldwide. It is present in the French market since 1978
Eurofound (2011), Takeda France, Internal restructuring in France, factsheet number 71907, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71907.