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.
Pharmaceuticals company Janssen is to to cut about 176 of its 420 staff. This is mainly to affect sales and executive positions in the French headquarter at Issy-les-Moulineaux. 43 of the positions are already vacant.
The company lost the patent for one of its key products and faces a decline in sales.
The restructuring was initially announced to the works council on 16 September. Negotiations to conclude a social plan are to last until 14 January 2014.
The management has opened discussions with unions to create new activities that could lead to the creation of 34 positions, but the timeframe is unknown.
The company employs a total of 1,435 people in France. It is a subsidiary of the US group Johnson & Johnson.
Eurofound (2013), Janssen, Internal restructuring in France, factsheet number 76303, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76303.
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