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 123 employees are to be dismissed in Denmark out of the total 330 redundancies at global level with the aim to make capital available for new investments for the company. 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 the first half of 2019 is that American agriculture customers have been affected by floods.
Eurofound (2019), Novozymes, Internal restructuring in Denmark, factsheet number 98434, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98434.