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.
Sandoz, world leader in developing and manufacturing generic pharmaceuticals and part of the Swiss Novartis Group, has opened a new production plant in Schaftenau (Tyrol) creating 100 new high-skilled jobs. At the plant ready-to-fill syringes and auto-injections for Novartis and Sandoz “biosimilars” will be produced, which are cheaper versions of biopharmaceutical products after their patent has expired. Biosimilars are typically used to treat cancer and auto-immune diseases.
Eurofound (2015), Sandoz, Business expansion in Austria, factsheet number 84831, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/84831.