Company/Organisation:
Europharm
Geographic Location
Country:
Romania
Region:
Brasov; Centru
Location of affected unit(s):
Brasov
Company
Sector:
Manufacturing
Manufacture of pharmaceuticals, medicinal chemical and botanical products
21.20 - Manufacture of pharmaceutical preparations
Number Employed:
200
Group:
GlaxoSmithKline (GSK)
Employment Effects
Announcement Date:
08-02-2016
Planned Job Reductions min:
200
Planned Job Reductions max:
200
Type of Restructuring:
Closure
Foreseen End Date:
31-03-2016
Direct Dismissals:
200
Additional Information
British Group GlaxoSmithKline (GSK) is to close its local factory Europharm in Brasov in March 2016. As a result 200 employees will lose their job. The group announced that the redundant employees will receive severance packages and support to find a new job. Some of the production may be transferred to Spain and Poland.
GSK had announced last year its intention to sell the plant due to over-production in the solid oral formulas.
The plant was set up in 1994 and manufactured drugs for the treatment of HIV/AIDS, respiratory disease, depression, the flu/anti-inflammatory. Later in 1996 the British Group acquired 65% stake in the Romanian factory and the remainder 35% in 2003.
Sources:
12-06-2014România Liberă
29-09-2015bizbrasov.ro
08-02-2016Ziarul Financiar
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