EMCC European Monitoring Centre on Change

Schering

Company/Organisation:
Schering

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of pharmaceuticals, medicinal chemical and botanical products
21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
Group: Schering

Employment Effects

Announcement Date: 06-02-2004
Planned Job Reductions min: 1550
Planned Job Reductions max: 2000
Type of Restructuring: Internal restructuring
Foreseen End Date: 01-12-2006

Additional Information

In February 2004, Schering, the pharmaceutical group, announced its intention to cut 350 jobs worldwide by the end of 2006. This announcement follows disappointing financial results for 2003 and a former announcement of 300 job cuts in July 2003. In June 2004, the company announced another 900 job cuts. Sources refer to a total count of job losses of 1,900 - 2,000. On November 2004, Schering is finalising 2,000 job cuts and hopes to make 1,800 of them by the end of 2005, it said in a statement on 16 November. The company will cut 950 jobs in Germany and 300 outside the country as part of its FOCUS initiative. In June 2004, the company said it planned to cut 2,000 jobs globally and by 30 September, it had achieved more than 600 of these cuts.