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 shipbuilding and repair company Damen Shipyards has announced that it will cut 150 jobs by the summer of 2017 at two of its maintenance and repair facilities in Rotterdam (west Netherlands) and one in Vlissingen (south-west Netherlands). The job cuts are deemed necessary because of the crisis in the maritime sector following the low oil prices, which has earlier led to job cuts at shipbuilding companies such as Royal IHC, Keppel Verolme, and HFG. The job cuts at Damen will affect permanent employees in all layers of the organisation. The company will negotiate a redundancy package with the unions for employees losing their jobs. The family-owned Damen Shipyards Group has 33 shipyards worldwide and employs some 9,000 employees, of whom 3,000 are in the Netherlands.
Updated, 13/06/2017: After months of negotiations between Damen and the unions, the number of job losses has been reduced to 115, as fewer jobs will be lost in Rotterdam. In the end, 30 jobs will be cut in Vlissingen and 85 in Rotterdam. Damen and the unions have reached agreement on a redundancy plan and the affected workers will have access to the mobility centre that Damen is setting up to support workers in finding new jobs. The union representative of one of the smaller unions, RMU, has expressed satisfaction with the redundancy plan.
Eurofound (2017), Damen Shipyards, Internal restructuring in Netherlands, factsheet number 90328, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/90328.
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