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 company MSD-Organon (formally known as Organon) is to cut over 500 jobs in its R&D division in Oss. MSD initially planned to cut more than one thousand cuts. After a year of negotiations the company has reached an agreement with the works council on the reorganisation plan, called "Plan B". The plan envisages fewer job cuts than originally planned and the creation of a new drug development centre for emerging markets (i.e. China and India). MSD is a branch of the American Merck & Co.
Eurofound (2011), MSD-Organon, Internal restructuring in Netherlands, factsheet number 72025, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72025.