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 Danish multinational producer of enzymes, Novozymes, informed on 28 August 2019 that the company plan to dismiss between 280 and 330 at global level with the aim to make capital available for new investments. The countries where the redundacies will take place are not specified, with the exception of Denmark where 123 employees will lose their job. Novozymes informs in the press release that 'dismissals will happen across divisions, functions and regions and in accordance with local processes and requirements. In addition, a number of employees will be transferred to new roles inside the company'. One of the reasons for a negative growth in first half of 2019 is that American customers in the agriculture sector have been challenged by floods.
Eurofound (2019), Novozymes, Internal restructuring in World, factsheet number 98433, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98433.