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.
Merck, a German multi-national group that operates in the pharmaceutical sector, has announced that it is to cut 133 jobs at its sites in Mollet del Vallès and Barcelona. 600 are employed at the Mollet del Vallès plant, and 100 job losses will be implemented at the plant between January 2008 and the end of 2008. The job losses will affect the logistics, quality control, engineering and procurement departments at the site. Management at the plant have stated that the job cuts are vital to the future survival of the plant. Merck’s site in Barcelona is also to close with the loss of 33 jobs. The job losses will be implemented by the end of January 2008, and the work will be ‘offshored’ to a Merck site in Darmstadt in Germany.
Eurofound (2007), Merck Serono, Internal restructuring in Spain, factsheet number 66121, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66121.
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