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
140 - 160 jobs Number of planned job losses
Announcement Date
2 November 2011
Employment effect (start)
Foreseen end date
31 July 2012
Description
French multinational pharmaceutical company Sanofi will lay off between 140 and 160 people at its research and development base in Hungary. This restructuring is part of the consolidation of its R&D centers around the world.
Iván Rózsa, communications director for Sanofi's Hungarian unit, announced that about half of the 300 people employed in R&D in Hungary will be affected by the restructuring, but precise figure for layoffs will be given out after consulting with Works Council and Trade Union of the company.
Sanofi employs around 2,500 people in Hungary.
Sources
3 November 2011: Index
3 November 2011: Szakszervezetek.hu
4 November 2011: Budapest Business Journal
Citation
Eurofound (2011), Sanofi, Internal restructuring in Hungary, factsheet number 72706, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72706.
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