Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Professional Services
Scientific, Architectural And Engineering Technical Activities
Scientific Research And Development
72 - Scientific research and development

200 jobs
Number of planned job losses
Job loss
Announcement Date
26 October 2004
Employment effect (start)
Foreseen end date

Description

Biotech, company active in the field of biotechnological research, plans to cut 200 jobs (whereof 90 in Germany). The company plans to sell its Genomic Diagnosis and Genomic Technology arms in order to return to profitability by the end of 2005.


Sources

  • 26 October 2004: Stuttgarter Zeitung

Citation

Eurofound (2004), Biotech, Internal restructuring in World, factsheet number 60740, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60740.