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.
On 30 January 2014 pharmaceutical group MSD announced it would cut 580 jobs between mid 2014 and the end of 2016. All job cuts will take place in the research centre located in Oss. The first announcement for 140 job losses was made in November 2013; the number now has risen to 580. After the restructuring 30 jobs will remain in research as well as 1500 in the production lines. The measure is part of a world wide restructuring operation by MSD (see factsheet 25470) and comes on top of earlier restructuring in Oss after the acquisition by MSD in 2010 (see factsheet 17821).
Eurofound (2014), MSD, Internal restructuring in Netherlands, factsheet number 76528, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76528.