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.
Boehringer Ingelheim UK, a firm that operates in the pharmaceutical sector and is a subsidiary of multi-national group Boehringer Ingelheim, is to cut 220 jobs in Bracknell. The firm’s site at Bracknell, at which 340 are employed, produces respiratory products in a specific form called Unit Dose Vials (UDVs). The job cuts are due to the firm’s decision to stop producing UDVs. A spokesman for the firm stated:
‘The reason the decision has been taken to phase out production is that in the future there will be no new products in UDV form coming from the Boehringer Ingelheim pipeline and the focus is now on new device technologies for respiratory products. Additionally, the current UDV products now face low priced competition meaning that it is not possible to compete given the company's production costs in Bracknell.’
The job cuts will not begin to be implemented until October 2009, and the restructuring is scheduled to be completed by 2010. Boehringer Ingelheim employs 1000 in the UK and 38,400 globally.
Eurofound (2007), Boehringer Ingelheim UK, Internal restructuring in United Kingdom, factsheet number 65917, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65917.
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