EMCC European Monitoring Centre on Change

Fresenius Medical Care

Company/Organisation:
Fresenius Medical Care

Geographic Location

Country: World
Location of affected unit(s): Germany and other countries

Company

Sector: Manufacturing
Manufacture of pharmaceuticals, medicinal chemical and botanical products
21.20 - Manufacture of pharmaceutical preparations
Number Employed: 125000

Employment Effects

Announcement Date: 17-11-2021
Planned Job Reductions min: 5000
Type of Restructuring: Internal restructuring
Employment Effect Start: 17-11-2021

Additional Information

German Pharmaceutical company Fresenius Medical Care (FMC) has announced that it will cut 5,000 jobs worldwide. So far, the company has announced that between 500 and 750 jobs are to be cut in Germany by the end of 2024. Job cuts are part of a €500 million cost saving programme. Fresenius Medical Care has been troubled by the pandemic for a long time since many people with chronic kidney disease die of the coronavirus, which reduces the number of treatments the company performs.

Fresenius Medical Care employed over 125,000 employees worldwide in 2020. It provides products and services for dialysis, in hospitals and in outpatient medical care.

Sources: