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 co-operative firm, The Greenery, has announced that it will cut 350 jobs, approximately 20% of its total workforce. The jobs will be cut as part of a restructuring process which will see four of the company’s seven distribution centres close. According to the source, 150 employees were let go over the course of 2013.
Although the exact timeline of the restructuring is unclear, €23 million has been reserved to cover the costs of the restructuring (including the costs of the social plan) for 2014.
Eurofound (2014), The Greenery, Internal restructuring in Netherlands, factsheet number 76938, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76938.