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.
VDL Nedcar, a Dutch automotive manufacturing company, has announced plans to cut 500 jobs at its site in Born following the reduction of orders by its client BMW. Out of these 500 employees, approximately 200 are temporary agency workers and 300 are going to retire without being replaced. In addition, 500 temporary employees, who were hired to cope with the peak of production in 2018, will be made redundant.
A spokesperson for the community of Sittard-Geleen stated that, together with the company and the Employee Insurance Agency, they are going to support the redundant workers in order to find a new job. Previous restructuring in VDL Nedcar, which resulted in the creation of 3,000 jobs, took place in 2017.
Eurofound (2018), VDL Nedcar, Internal restructuring in Netherlands, factsheet number 95690, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/95690.