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.
Dutch food company Koninklijke Wessanen NV will cut 90 jobs at its snack producing subsidiary Beckers, the company said on 31 August 2004. The job cuts concern 50 full-time posts. Wessanen also wants to reduce the assortment of Beckers to between 600 and 700 items from some 1,100. Beckers has currently some 650 employees, working at seven locations, three of which are in the Netherlands. The reason for the restructuring was lower turnover and profit. Wessanen plans also to cut a further 60 jobs at other units in the next few months. Most of them will be outside the Netherlands, the chief executive officer, A. Veenhof said. The company's staff has fallen to just over 9,000 from 10,000 since the launch of a restructuring programme, called Phoenix, in 2003.
Eurofound (2004), Beckers, Internal restructuring in Netherlands, factsheet number 60590, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/60590.
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