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.
Banking and insurance group Fortis will cut some 200 jobs at its banking division in the Netherlands, a company's spokesperson said on 28 August 2004. The job cuts are part of a new service concept for the company's 175 banking offices in the Netherlands. Fortis wants its counter staff to be more service-oriented and to better advise customers. Two thirds of the total 600 service desk workers are expected to be transferred to other positions within the banking division. A social plan has been set up for the employees who have to leave the company. The spokesperson could not disclose the final number of job cuts because the company will try to find another job for these employees within Fortis and employees themselves are looking for internal move opportunities. Trade unions want the job cuts to be implemented as much as possible through natural attrition.
Eurofound (2004), Fortis, Internal restructuring in Netherlands, factsheet number 60593, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/60593.