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 multinational company Boskalis, which provides dredging, marine services and land infrastructure services, has announced that it will cut 230 out of 1,400 jobs at its head office in Papendrecht (West Netherlands) during the next 18 months as part of its 'Corporate Business Plan 2017-2019' and in response to the cost study concerning the head office which was announced in 2016 and conducted in 2017. The exact positions to be lost will not be known until after deliberations with the works council, but they are likely to be mainly administrative. The company has been suffering from from the low oil prices and the consequent drop in offshore business. Restructuring of the head office follows earlier world-wide restructuring having led to 650 losses, of which 150 were in the Netherlands, mostly due to discontinuation of part of the fleet.
Including associated companies, Boskalis has some 11,700 employees worldwide and activities in 90 countries.
Eurofound (2017), Boskalis, Internal restructuring in Netherlands, factsheet number 90996, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/90996.
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