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.
German pharmaceutical company Ratiopharm will cut over 100 jobs at its site in Ulm. The company currently employs around 2,500 staff at its location in Ulm. Already in 2016, 100 jobs were cut at this site (see Ratiopharm 2016). Teva Deutschland, Ratiopharm's parent company, wants to restructure its business in Ulm in order o become a biotech and technology competence centre. The recently announced job cuts are to be realised by early retirement programmes and voluntary leave. However, dismissal due to operational reasons were not excluded by the management. Information on the timeline of the restructuring is yet to become available.
Ratiopharm is a German pharmaceutical company with headquarters in Ulm. The company was taken over by Teva in October 2010.
Eurofound (2017), Ratiopharm, Internal restructuring in Germany, factsheet number 90574, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90574.