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.
Pharmaceutical and biotechnology company Baxter announced to reduce its workforce in Orth (Lower Austria) by 100 staff members.
This is due to a group-wide reorganisation in the wake of the acquisition of Gambro (7,000 staff) earlier this year. Within the same process, Baxter is planning to cease its operations in Bohumil (Czech Republic), making 280 workers redundant.
The company is a subsidiary of Baxter International, headquartered in the US and employing about 50,000 staff globally.
Eurofound (2013), Baxter, Internal restructuring in Austria, factsheet number 76264, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76264.
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