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.
The pharmaceutical group Servier has announced a reorganisation plan that will lead to 610 positions cut from a total of 690 in their marketing services in France. The reorganisation will be launched during the second semester of 2016. The aim is to save the competitiveness of the group. According to a spokesman of the group, the sales of Servier (€241.6 million in 2014-2015) are two times lower than five years ago. 80% of Servier’s medicine provisions are from drugs that are no longer patent protected or will fall into the public domain by 2019. The information and consultation process started on 3 December 2015. Servier has 5,000 employees in France and about 21,000 worldwide.
Eurofound (2015), Les Laboratoires Servier, Internal restructuring in France, factsheet number 85601, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85601.