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 (20 - 21) Manufacture of chemicals and pharmaceuticals 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations 21.1 - Manufacture of basic pharmaceutical products
120 jobs Number of planned job losses
Announcement Date
4 September 2012
Employment effect (start)
Foreseen end date
Description
The pharmaceutics company Boehringer has announced to apply for a Redundancy Procedure affecting 120 employees (6.5% of its workforce in Spain). The measure will only affect sales personnel.
The restructuring is blamed on different cuts in public health expenditure implemented by the Spanish government.
Sources
4 September 2012: Cinco Días
Citation
Eurofound (2012), Boehringer, Internal restructuring in Spain, factsheet number 74060, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74060.
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