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.
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
373 jobs Number of planned job losses
95 jobs Number of planned job creations
Announcement Date
20 September 2011
Employment effect (start)
1 December 2011
Foreseen end date
Description
On 20 September, French subsidiary of US pharma Pfizer (1,453 employees) announced to cut 373 positions, mainly pharmaceutical sales representatives who supply both general practitioners and the specialized doctors working in hospitals.
At the same time, the company intends to create 95 jobs. Unions estimate a workforce reduction of around 748 (half of the total workforce): 373 job cuts and 375 changes in working conditions that could be refused by the affected employees (in case of refusals they could face dismissal).
In 2009, Pfizer had already cut 700 jobs. The company fears the consequences of the loss of patent on its blockbuster Lipitor. The company also decided to cut 40% of its workforce in Belgium, 50% in Germany and in Iceland, and more than 50% in Italy.
Sources
20 September 2011: Libération
21 September 2011: Les Echos
20 September 2011: AFP Liaisons sociales
Citation
Eurofound (2011), Pfizer, Internal restructuring in France, factsheet number 72386, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72386.
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