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.
The Dutch flower auction house FloraHolland, with four locations in the west of the Netherlands (Naaldwijk, Rijnsburg, Aalsmeer, Eelde), has announced 100 job cuts for 2017 among administrative staff, ICT personnel, and commercial functions, though it is not yet clear exactly in which locations the job cuts will fall. FloraHolland has expressed hope that most jobs will be lost to natural attrition, but does not rule out forced redundancies. The job cuts are part of a longer internal reorganisation aimed at cutting costs by one third between 2014 and 2020, which the company claims is necessary because of changing market circumstances and the increased use of digital market places in the flower industry, decreasing the logistic importance of the auction house. Moreover, FloraHolland will outsource most of its ICT activities. 600 jobs have already been lost at the company in recent years (e.g. in 2013, 2014). FloraHolland is a cooperative with 4,500 members, of whom about 700 members are based abroad.
Eurofound (2016), FloraHolland, Internal restructuring in Netherlands, factsheet number 89040, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/89040.
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