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 German pharmaceutical company IDT Biologika will be cutting up to 300 jobs at its site in Dessau-Roßlau due to internal restructuring. The job reduction is part of a major restructuring programme, which includes the sale of the company’s animal health division by 1 July 2019. The company plans to reduce its number of employees from 1,900 to 1,600. A timeframe for the planned cuts has yet to be announced. The company intends to make this job reduction as socially acceptable as possible. This will be achieved via early-retirement programmes and not extending the contracts of temporary workers.
Eurofound (2019), IDT Biologika , Internal restructuring in Germany, factsheet number 98157, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98157.