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.
French pharmaceuticals giant Sanofi-Aventis has announced plans to reduce its French workforce by 927, including 100 jobs at its French subsidiary and 817 sales rep positions. This project is the second plan in 2008.
At an extraordinary works council meeting yesterday, French pharmaceuticals group Sanofi-Aventis announced plans to axe the jobs of 817 medical visitors in France and 110 employees based at the headquarters of its French unit. The management attributed the decision to a variety of factors, including growing competition from generic drug makers and stiffer advertising regulations. Managers at the group say the change has been made necessary by the increasing use of generic medicines, difficulty in accessing the market and declining medicine prices. They say there is no visibility for the sales representative profession, which is ‘under threat’.
Eurofound (2008), Sanofi-Aventis France, Internal restructuring in France, factsheet number 67223, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67223.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
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Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
