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.
V&D, the Dutch department store chain, has announced they will reduce employment by 400 persons. The announcement comes after months of negotiations with trade unions over a proposed pay cut. An agreement was finally reached: the pay cut will not occur, but in order to reduce labour costs the company must reduce their workforce. The plan will be presented to the Works Council by the end of the summer.
Eurofound (2015), V&D, Internal restructuring in Netherlands, factsheet number 85206, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/85206.