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.
(46 - 47) Wholesale / Retail 46 - Wholesale trade 46.1 - Wholesale on a fee or contract basis 46.14 - Activities of agents involved in the wholesale of machinery, industrial equipment, ships and aircraft
65 jobs Number of planned job losses
Announcement Date
24 November 2010
Employment effect (start)
Foreseen end date
Description
On 24 November Tetterode, supplier of printing presses and related products and services, announced it will cut 65 out of 415 jobs in the Benelux. Background is the dramatic loss of turnover since the outbreak of the crisis. Many printing companies went bankrupt and banks are hesitant to supply loans. Furtnermore, new competitors from Eastern Europe have recently emerged .
Sources
25 November 2010: Het Financieele Dagblad
Citation
Eurofound (2010), Tetterode, Internal restructuring in European Union, factsheet number 71355, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/71355.
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