Type
Internal restructuring
Country
Spain
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Chemicals And Pharamceuticals
Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations
21.1 - Manufacture of basic pharmaceutical products

200 jobs
Number of planned job losses
Job loss
Announcement Date
25 May 2012
Employment effect (start)
25 May 2012
Foreseen end date

Description

US-based multinational pharmaceutical firm Merck has applied for a redundancy procedure affecting 20 % of its Spanish workforce. 200 employees will be affected by this procedure, which was recently agreed with the Trade Unions.

The company has blamed the measure on the changes in the Spanish health sector aiming to save costs and the need to optimise resources.


Sources

  • 25 May 2012: Cincodias

Citation

Eurofound (2012), Merck, Internal restructuring in Spain, factsheet number 73711, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73711.