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.
Alapis, a Greek pharmaceutical company, dismissed 438 employees in Greece - both in the mother company and its subsidiaries. The company currently employs 1,400 people. The restructuring is attributed to a reduction in turnover, but a long-debated closure of the company has been averted.
The Alapis Group was created by the merger of Veterin SA, Lamda Detergent SA, EBIK SA and Elpharma SA. The Group is involved in the manufacturing and distribution of pharmaceuticals and para-pharmaceutical products, as well as powder detergents.
Eurofound (2012), Alapis, Internal restructuring in Greece, factsheet number 74201, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74201.