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.
Pfizer, one of the world's largest pharmaceutical companies, is to cut 556 jobs in its Italian sites. The job-losses are part of a wide reorganisation plan which will mainly affect the sales, marketing and distribution area.
Pfizer has around 85,000 employees worldwide. In Italy, it has two administrative sites (located in Milan and Rome), and industrial sites at Latina (Lazio), Ascoli Piceno (Marche) and Pisticci (in the province of Matera), with a total workforce of around 3,000 employees.
Eurofound (2009), Pfizer, Internal restructuring in Italy, factsheet number 67804, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67804.