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.
Anglo-Swedish pharmaceutical company AstraZeneca is to hire between 150 and 250 new workers by 2019 at one of the company's sites in Gärtuna outside Södertälje(Sweden).
AstraZeneca recently announced an investment worth SEK 2,3 billion (€ 245 million) in a new high-tech facility for biological drugs in Södertälje. The facility is estimated to require between 150 and 250 highly skilled workers.
The expansion is particularly welcome at the Södertälje unit where large job cuts have already been implemented: 1,200 jobs in the medical research department were cut in 2012 and few months later an additional 400 positions were lost. AstraZeneca employs around 57,500 people worldwide.
Eurofound (2015), AstraZeneca, Business expansion in Sweden, factsheet number 83060, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83060.