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 September 2017, the German pharmaceutical company Mundipharma announced it will close its site in Limburg, which will result in the loss of 594 jobs. The marketing and sales department will downsize to 174 workers and the unit will relocate to Frankfurt am Main. Mundipharma's research and development activities will relocate to Cambridge. Production will relocate within Europe, for which the destination has yet to be announced.
In March 2017, Mundipharma announced it would close the site in Limburg. Since then, of former 770 employees, 110 have already voluntarily left the company. Management and works council have reached an agreement regarding a social plan. Details have not been announced.
Eurofound (2017), Mundipharma, Closure in Germany, factsheet number 92219, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92219.