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.
Healthcare organisation, Savant, has announced that it will cut 250 jobs in the first quarter of 2015. The company currently employs a total of 1,950 staff and redundancies will be made in the areas of household care, day care support services, welfare services and counselling services. According to the source, negotiations with trade unions have already begun.
The source reports that the redundancies are a result of government plans to decentralise a major part of the healthcare sector, while also cutting costs. The new healthcare structure is due to be implemented in local municipalities from 1 January 2015. According to the source, many healthcare organisations expect to receive substantially less money and have announced major restructuring measures.
Eurofound (2014), Savant, Internal restructuring in Netherlands, factsheet number 77219, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77219.
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